Sportradar Group AG (NASDAQ:SRAD) Position Increased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,582,528 shares of the company's stock after purchasing an additional 463,441 shares during the period. Janus Henderson Group PLC owned approximately 0.32% of Sportradar Group worth $43,384,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. AM Investment Strategies LLC raised its stake in shares of Sportradar Group by 31.1% during the second quarter. AM Investment Strategies LLC now owns 465,540 shares of the company's stock valued at $5,205,000 after purchasing an additional 110,520 shares during the period. nVerses Capital LLC grew its holdings in Sportradar Group by 120.0% during the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock valued at $49,000 after purchasing an additional 2,400 shares in the last quarter. Renaissance Technologies LLC increased its stake in Sportradar Group by 65.3% during the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company's stock worth $3,843,000 after buying an additional 135,800 shares during the period. Hsbc Holdings PLC acquired a new position in Sportradar Group in the 2nd quarter worth $189,000. Finally, Divisadero Street Capital Management LP purchased a new position in Sportradar Group in the 2nd quarter valued at about $8,392,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on SRAD. JMP Securities upgraded Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price target on the stock in a research note on Wednesday, September 4th. Jefferies Financial Group upgraded Sportradar Group from a "hold" rating to a "buy" rating and increased their target price for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. Benchmark lifted their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Canaccord Genuity Group reiterated a "buy" rating and set a $16.00 price objective on shares of Sportradar Group in a research note on Wednesday, August 14th. Finally, Needham & Company LLC reissued a "buy" rating and set a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.00.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD traded up $0.50 on Friday, reaching $17.68. 604,088 shares of the company's stock were exchanged, compared to its average volume of 1,070,240. The business's 50-day moving average is $14.42 and its two-hundred day moving average is $12.33. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $18.05. The firm has a market capitalization of $19.65 billion, a price-to-earnings ratio of 88.40, a PEG ratio of 2.14 and a beta of 2.20.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.