Shaker Investments LLC OH Raises Position in Sportradar Group AG (NASDAQ:SRAD)

Shaker Investments LLC OH lifted its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 102.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,673 shares of the company's stock after purchasing an additional 22,059 shares during the period. Shaker Investments LLC OH's holdings in Sportradar Group were worth $757,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

SRAD has been the subject of a number of recent research reports. Benchmark raised their target price on Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Morgan Stanley increased their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a research note on Thursday, November 7th. Citigroup lifted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. upgraded 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 report on Monday, October 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.25.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD traded up $0.03 on Friday, hitting $22.20. The company's stock had a trading volume of 268,325 shares, compared to its average volume of 848,799. The company has a market capitalization of $24.67 billion, a PE ratio of 110.98, a PEG ratio of 1.49 and a beta of 2.21. 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 50-day simple moving average of $18.95 and a 200 day simple moving average of $15.06. Sportradar Group AG has a 1 year low of $9.17 and a 1 year 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.