Sportradar Group AG (NASDAQ:SRAD) Shares Bought by Wilson Asset Management International PTY Ltd.

Wilson Asset Management International PTY Ltd. grew its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 436,051 shares of the company's stock after purchasing an additional 168,033 shares during the quarter. Sportradar Group makes up about 2.0% of Wilson Asset Management International PTY Ltd.'s portfolio, making the stock its 24th biggest holding. Wilson Asset Management International PTY Ltd.'s holdings in Sportradar Group were worth $7,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SRAD. Janus Henderson Group PLC increased its stake in shares of Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock worth $43,384,000 after buying an additional 463,441 shares during the period. Portolan Capital Management LLC acquired a new position in Sportradar Group in the third quarter valued at approximately $12,061,000. New York State Common Retirement Fund acquired a new position in Sportradar Group in the fourth quarter valued at approximately $12,887,000. Cambiar Investors LLC acquired a new position in Sportradar Group in the fourth quarter valued at approximately $10,837,000. Finally, Concentric Capital Strategies LP acquired a new position in Sportradar Group in the third quarter valued at approximately $3,805,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SRAD shares. Guggenheim started coverage on Sportradar Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $27.00 price objective for the company. Jefferies Financial Group increased their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. JMP Securities reiterated a "market outperform" rating and issued a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group raised their price target on Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $19.67.

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Sportradar Group Stock Performance

NASDAQ SRAD opened at $20.13 on Wednesday. The firm has a market capitalization of $22.37 billion, a P/E ratio of 100.66, a P/E/G ratio of 1.53 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $22.94. The business's 50-day simple moving average is $20.50 and its 200-day simple moving average is $16.41.

About Sportradar Group

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.

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