Cubist Systematic Strategies LLC Reduces Stock Position in Sportradar Group AG (NASDAQ:SRAD)

Cubist Systematic Strategies LLC cut its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 87.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,249 shares of the company's stock after selling 56,134 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Sportradar Group were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP acquired a new stake in shares of Sportradar Group during the second quarter worth $8,392,000. AM Investment Strategies LLC boosted its stake in Sportradar Group by 31.1% during the 2nd 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 in the last quarter. Marshall Wace LLP raised its position in Sportradar Group by 152.8% in the second quarter. Marshall Wace LLP now owns 391,806 shares of the company's stock worth $4,380,000 after acquiring an additional 236,831 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Sportradar Group by 65.3% during the second 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 in the last quarter. Finally, Aurora Investment Counsel raised its position in shares of Sportradar Group by 30.9% during the first quarter. Aurora Investment Counsel now owns 162,516 shares of the company's stock worth $1,892,000 after purchasing an additional 38,397 shares during the period.

Analysts Set New Price Targets

SRAD has been the topic of several recent analyst reports. Morgan Stanley upped their price target on Sportradar Group from $11.50 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, July 12th. Canaccord Genuity Group restated a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th. JPMorgan Chase & Co. assumed coverage on shares of Sportradar Group in a research note on Tuesday, June 18th. They set a "neutral" rating and a $12.00 price objective on the stock. Benchmark restated a "buy" rating and set a $12.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group raised shares of Sportradar Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $12.00 to $16.00 in a research note on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.63.

Sportradar Group Stock Down 0.2 %

Shares of SRAD traded down $0.02 during trading hours on Tuesday, reaching $11.91. 154,310 shares of the stock traded hands, compared to its average volume of 390,301. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 132.33, a PEG ratio of 15.02 and a beta of 2.06. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $11.63 and a 200 day simple moving average of $10.99. Sportradar Group AG has a 52 week low of $8.08 and a 52 week high of $12.97.

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.