Robeco Institutional Asset Management B.V. Buys New Position in Sportradar Group AG (NASDAQ:SRAD)

Robeco Institutional Asset Management B.V. purchased a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,940 shares of the company's stock, valued at approximately $415,000.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after purchasing an additional 28,878 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Sportradar Group during the third quarter valued at about $479,000. GSA Capital Partners LLP boosted its stake in shares of Sportradar Group by 142.7% during the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company's stock valued at $837,000 after purchasing an additional 40,621 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after purchasing an additional 61,105 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Sportradar Group during the third quarter valued at about $2,617,000.

Wall Street Analysts Forecast Growth

SRAD has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. Morgan Stanley raised their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Citigroup raised their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, JMP Securities restated a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.25.

Sportradar Group Trading Up 1.2 %

SRAD stock traded up $0.25 during mid-day trading on Friday, reaching $21.67. The company's stock had a trading volume of 831,211 shares, compared to its average volume of 862,511. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 108.36, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. The business's 50 day moving average price is $18.71 and its 200 day moving average price is $14.81. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 12 month low of $9.17 and a 12 month high of $22.50.

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.