Harbor Capital Advisors Inc. Makes New $2.62 Million Investment in Sportradar Group AG (NASDAQ:SRAD)

Harbor Capital Advisors Inc. purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 216,117 shares of the company's stock, valued at approximately $2,617,000.

Other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of Sportradar Group in the first quarter valued at about $263,000. Quadrature Capital Ltd purchased a new stake in Sportradar Group during the 1st quarter valued at approximately $515,000. Lazard Asset Management LLC acquired a new stake in Sportradar Group during the 1st quarter worth approximately $60,000. Aristides Capital LLC purchased a new position in shares of Sportradar Group in the 1st quarter valued at approximately $281,000. Finally, Silvercrest Asset Management Group LLC increased its holdings in shares of Sportradar Group by 23.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company's stock valued at $295,000 after purchasing an additional 4,789 shares during the period.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD traded up $0.09 during trading on Tuesday, hitting $12.40. 595,417 shares of the stock were exchanged, compared to its average volume of 399,207. The company has a market cap of $13.78 billion, a PE ratio of 137.79, a P/E/G ratio of 15.71 and a beta of 2.05. 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 company has a fifty day moving average price of $12.14 and a two-hundred day moving average price of $11.18. Sportradar Group AG has a 12-month low of $9.17 and a 12-month high of $13.20.

Wall Street Analysts Forecast Growth

SRAD has been the subject of several recent research reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. Needham & Company LLC reiterated a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Morgan Stanley increased their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. Benchmark lifted their price objective on Sportradar Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised Sportradar Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.38.

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.