268,018 Shares in Sportradar Group AG (NASDAQ:SRAD) Acquired by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 268,018 shares of the company's stock, valued at approximately $3,246,000. Sportradar Group accounts for about 0.8% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 27th largest holding.

Other institutional investors also recently bought and sold shares of the company. Quarry LP lifted 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 purchasing an additional 1,754 shares during the last quarter. nVerses Capital LLC lifted its stake in shares of Sportradar Group by 120.0% during the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock worth $49,000 after purchasing an additional 2,400 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Sportradar Group in the 1st quarter worth approximately $60,000. Point72 Asset Management L.P. purchased a new stake in shares of Sportradar Group during the 2nd quarter valued at $75,000. Finally, Bayesian Capital Management LP acquired a new stake in Sportradar Group in the 1st quarter worth approximately $158,000.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Benchmark lifted their price objective on shares of Sportradar Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Jefferies Financial Group upgraded Sportradar Group from a "hold" rating to a "buy" rating and upped their target price for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Morgan Stanley upped their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, JMP Securities upgraded 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.38.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD traded up $0.30 on Tuesday, reaching $12.78. 705,649 shares of the company's stock were exchanged, compared to its average volume of 400,138. Sportradar Group AG has a fifty-two week low of $8.08 and a fifty-two week high of $13.20. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The business's 50-day moving average is $12.03 and its two-hundred day moving average is $11.08. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 140.68, a PEG ratio of 15.51 and a beta of 2.06.

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.