Cubist Systematic Strategies LLC Sells 56,134 Shares of Sportradar Group AG (NASDAQ:SRAD)

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

Several other institutional investors also recently modified their holdings of SRAD. Aurora Investment Counsel lifted its stake in shares of Sportradar Group by 10.7% in the second quarter. Aurora Investment Counsel now owns 179,838 shares of the company's stock worth $2,011,000 after acquiring an additional 17,322 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Sportradar Group during the second quarter worth $75,000. Quarry LP increased its position in shares of Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company's stock worth $30,000 after buying an additional 1,754 shares during the period. Millennium Management LLC raised its stake in 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. Finally, Marshall Wace LLP boosted its position in Sportradar Group by 152.8% during the second quarter. Marshall Wace LLP now owns 391,806 shares of the company's stock valued at $4,380,000 after acquiring an additional 236,831 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SRAD. Needham & Company LLC reissued a "buy" rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Benchmark boosted their price target on Sportradar Group from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Morgan Stanley raised their price objective on shares of Sportradar Group from $11.50 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, July 12th. Canaccord Genuity Group reiterated a "buy" rating and set a $16.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. began coverage on shares of Sportradar Group in a research note on Tuesday, June 18th. They set a "neutral" rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and a consensus price target of $14.88.

Sportradar Group Stock Performance

Shares of SRAD stock traded down $0.04 on Wednesday, hitting $12.46. 265,740 shares of the stock were exchanged, compared to its average volume of 392,613. The firm's 50 day moving average is $11.78 and its two-hundred day moving average is $11.02. Sportradar Group AG has a one year low of $8.08 and a one year high of $12.97. The firm has a market capitalization of $13.85 billion, a PE ratio of 138.56, a P/E/G ratio of 15.32 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.

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.