Millennium Management LLC Grows Stake in Sportradar Group AG (NASDAQ:SRAD)

Millennium Management LLC increased its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 133.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,636,129 shares of the company's stock after acquiring an additional 935,909 shares during the period. Millennium Management LLC owned about 0.15% of Sportradar Group worth $18,292,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Sportradar Group by 65.3% during 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. Divisadero Street Capital Management LP purchased a new stake in Sportradar Group during the 2nd quarter valued at about $8,392,000. Lazard Asset Management LLC bought a new position in Sportradar Group during the 1st quarter worth approximately $60,000. Quadrature Capital Ltd purchased a new position in Sportradar Group in the 1st quarter worth approximately $515,000. Finally, Acadian Asset Management LLC bought a new stake in Sportradar Group in the first quarter valued at approximately $263,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities upgraded shares of Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 target price for the company in a report on Wednesday, September 4th. Canaccord Genuity Group restated a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. Benchmark reaffirmed a "buy" rating and set a $12.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, Morgan Stanley lifted their price objective on Sportradar Group from $11.50 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Sportradar Group has a consensus rating of "Moderate Buy" and an average target price of $14.63.

Sportradar Group Stock Up 3.2 %

Shares of SRAD traded up $0.38 on Friday, reaching $12.22. The stock had a trading volume of 320,808 shares, compared to its average volume of 490,560. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54. Sportradar Group AG has a 12-month low of $8.08 and a 12-month high of $12.97. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 135.79, a price-to-earnings-growth ratio of 15.02 and a beta of 2.06. The company has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $10.99.

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.