Millrace Asset Group Inc. Takes Position in Sportradar Group AG (NASDAQ:SRAD)

Millrace Asset Group Inc. acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,509 shares of the company's stock, valued at approximately $1,278,000.

Several other institutional investors and hedge funds also recently modified their holdings of SRAD. GSA Capital Partners LLP boosted its holdings in Sportradar Group by 142.7% during the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company's stock worth $837,000 after purchasing an additional 40,621 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Sportradar Group by 133.7% during the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company's stock worth $18,292,000 after buying an additional 935,909 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Sportradar Group by 65.3% in the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company's stock valued at $3,843,000 after acquiring an additional 135,800 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Sportradar Group in the third quarter valued at about $2,617,000. Finally, Roubaix Capital LLC bought a new stake in Sportradar Group during the third quarter worth about $4,131,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. 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. Citigroup upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Jefferies Financial Group raised shares of Sportradar Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $12.00 to $16.00 in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised shares of Sportradar Group from a "neutral" rating to an "overweight" rating and upped their target price for the company from $12.00 to $15.00 in a report on Monday, October 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

Sportradar Group Stock Performance

Sportradar Group stock traded down $0.59 during trading hours on Tuesday, hitting $17.06. The company had a trading volume of 2,362,388 shares, compared to its average volume of 454,006. Sportradar Group AG has a one year low of $9.17 and a one year high of $18.05. The firm has a market cap of $18.96 billion, a PE ratio of 84.50, a PEG ratio of 2.37 and a beta of 2.05. The firm has a 50-day moving average of $13.51 and a 200 day moving average of $11.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Sportradar Group Profile

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.