Sportradar Group AG (NASDAQ:SRAD) Stock Holdings Trimmed by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 74.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,181 shares of the company's stock after selling 53,935 shares during the quarter. Quadrature Capital Ltd's holdings in Sportradar Group were worth $220,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Quarry LP grew its stake in 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. Point72 Hong Kong Ltd purchased a new stake in Sportradar Group during the 3rd quarter worth $41,000. nVerses Capital LLC increased its holdings in Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock valued at $49,000 after purchasing an additional 2,400 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Sportradar Group in the second quarter valued at about $75,000. Finally, Quantbot Technologies LP acquired a new position in shares of Sportradar Group during the third quarter worth about $139,000.

Sportradar Group Stock Down 0.3 %

NASDAQ:SRAD traded down $0.06 during mid-day trading on Thursday, reaching $17.54. The stock had a trading volume of 479,251 shares, compared to its average volume of 463,643. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 87.70, a price-to-earnings-growth ratio of 2.16 and a beta of 2.20. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $18.05. The stock's 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $12.50.

Analyst Upgrades and Downgrades

Several research firms recently commented on SRAD. JMP Securities raised Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price target on the stock in a research report on Wednesday, September 4th. 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 reaffirmed a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a research note on Thursday, November 7th. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Finally, Morgan Stanley boosted their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. One equities 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

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.