Moody Aldrich Partners LLC Makes New $2.48 Million Investment in Sportradar Group AG (NASDAQ:SRAD)

Moody Aldrich Partners LLC acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 143,064 shares of the company's stock, valued at approximately $2,481,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in shares of Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock valued at $43,384,000 after acquiring an additional 463,441 shares during the last quarter. Millennium Management LLC increased its holdings in Sportradar Group by 133.7% in the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company's stock valued at $18,292,000 after purchasing an additional 935,909 shares during the last quarter. Portolan Capital Management LLC purchased a new stake in Sportradar Group in the third quarter valued at approximately $12,061,000. Marshall Wace LLP lifted its stake in Sportradar Group by 152.8% during the second quarter. Marshall Wace LLP now owns 391,806 shares of the company's stock worth $4,380,000 after purchasing an additional 236,831 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new position in shares of Sportradar Group during the third quarter worth $4,131,000.

Sportradar Group Stock Down 1.6 %

Sportradar Group stock traded down $0.35 during trading on Friday, reaching $20.98. The stock had a trading volume of 507,666 shares, compared to its average volume of 956,409. Sportradar Group AG has a 52-week low of $9.17 and a 52-week high of $21.51. The business has a 50 day moving average price of $18.31 and a 200 day moving average price of $14.49. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market cap of $23.32 billion, a PE ratio of 104.91, a P/E/G ratio of 1.45 and a beta of 2.18.

Analysts Set New Price Targets

SRAD has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $12.00 to $15.00 in a report on Monday, October 21st. Benchmark boosted 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. Citigroup increased 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. Morgan Stanley lifted their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One 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, Sportradar Group presently has a consensus rating of "Moderate Buy" and an average target price of $17.25.

Sportradar Group Company 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.