Sportradar Group AG (NASDAQ:SRAD) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,662 shares of the company's stock after selling 47,075 shares during the quarter. Exchange Traded Concepts LLC's holdings in Sportradar Group were worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SRAD. Acadian Asset Management LLC bought a new stake in Sportradar Group during the first quarter valued at about $263,000. Quadrature Capital Ltd acquired a new stake in Sportradar Group in the first quarter worth about $515,000. Lazard Asset Management LLC acquired a new stake in Sportradar Group in the first quarter worth about $60,000. Aristides Capital LLC acquired a new stake in Sportradar Group in the first quarter worth about $281,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Sportradar Group by 23.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company's stock worth $295,000 after acquiring an additional 4,789 shares in the last quarter.

Sportradar Group Price Performance

SRAD stock remained flat at $12.41 during trading on Monday. The company had a trading volume of 404,041 shares, compared to its average volume of 393,202. The stock's 50-day moving average is $11.75 and its 200-day moving average is $11.01. 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 firm has a market capitalization of $13.79 billion, a P/E ratio of 137.90, a PEG ratio of 15.32 and a beta of 2.06. Sportradar Group AG has a 52 week low of $8.08 and a 52 week high of $12.97.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JMP Securities raised Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price target for the company in a report on Wednesday, September 4th. Morgan Stanley raised their price objective on Sportradar Group from $11.50 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, July 12th. JPMorgan Chase & Co. assumed coverage on Sportradar Group in a research note on Tuesday, June 18th. They issued a "neutral" rating and a $12.00 price objective for the company. Jefferies Financial Group upgraded Sportradar Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $12.00 to $16.00 in a research note on Wednesday, August 14th. Finally, Benchmark raised their price objective on Sportradar Group from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday. Two investment 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.88.

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.