Moody National Bank Trust Division Has $2.37 Million Position in Sportradar Group AG (NASDAQ:SRAD)

Moody National Bank Trust Division grew its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 80.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,926 shares of the company's stock after acquiring an additional 61,105 shares during the period. Moody National Bank Trust Division's holdings in Sportradar Group were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SRAD. GSA Capital Partners LLP raised its holdings in Sportradar Group by 142.7% during the 3rd 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. Jane Street Group LLC acquired a new stake in shares of Sportradar Group during the 3rd quarter worth approximately $479,000. Millennium Management LLC raised its stake in shares of Sportradar Group by 133.7% during the second 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 lifted its holdings in Sportradar Group by 65.3% in the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company's stock valued at $3,843,000 after buying an additional 135,800 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in Sportradar Group in the third quarter valued at approximately $2,617,000.

Wall Street Analyst Weigh In

SRAD has been the subject of several recent research reports. Benchmark upped their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. Citigroup increased their target price on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Morgan Stanley lifted their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised Sportradar Group from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.38.

Sportradar Group Stock Down 1.6 %

NASDAQ SRAD traded down $0.30 on Monday, reaching $18.70. The company had a trading volume of 724,500 shares, compared to its average volume of 1,118,628. The firm has a market capitalization of $20.78 billion, a price-to-earnings ratio of 93.50, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. The company's fifty day moving average is $17.00 and its 200-day moving average is $13.54. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $19.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

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.