743,202 Shares in Sportradar Group AG (NASDAQ:SRAD) Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 743,202 shares of the company's stock, valued at approximately $12,887,000. New York State Common Retirement Fund owned approximately 0.07% of Sportradar Group at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Portolan Capital Management LLC bought a new stake in Sportradar Group in the third quarter valued at about $12,061,000. Cambiar Investors LLC bought a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $10,837,000. Janus Henderson Group PLC increased its holdings in shares of Sportradar Group by 14.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock valued at $43,384,000 after acquiring an additional 463,441 shares during the last quarter. Roubaix Capital LLC acquired a new stake in shares of Sportradar Group during the 3rd quarter valued at approximately $4,131,000. Finally, Concentric Capital Strategies LP bought a new position in Sportradar Group during the third quarter worth $3,805,000.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JMP Securities reiterated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. Benchmark increased their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Citigroup lifted their target price on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Canaccord Genuity Group upped their target price on Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.67.

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Sportradar Group Stock Performance

Sportradar Group stock traded down $0.35 during mid-day trading on Thursday, hitting $21.13. 457,481 shares of the company's stock traded hands, compared to its average volume of 846,342. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a one year low of $9.17 and a one year high of $22.94. The firm has a 50 day moving average price of $19.87 and a 200 day moving average price of $15.82. The company has a market cap of $23.49 billion, a PE ratio of 105.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.21.

Sportradar Group 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.