GSA Capital Partners LLP Acquires 40,621 Shares of Sportradar Group AG (NASDAQ:SRAD)

GSA Capital Partners LLP boosted its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 142.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,095 shares of the company's stock after buying an additional 40,621 shares during the quarter. GSA Capital Partners LLP's holdings in Sportradar Group were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SRAD. Quarry LP increased its holdings in Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company's stock worth $30,000 after acquiring an additional 1,754 shares during the last quarter. nVerses Capital LLC increased its stake in shares of Sportradar Group by 120.0% in the second quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock worth $49,000 after purchasing an additional 2,400 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Sportradar Group in the first quarter worth about $60,000. Point72 Asset Management L.P. bought a new stake in shares of Sportradar Group in the second quarter valued at approximately $75,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Sportradar Group during the 3rd quarter valued at approximately $150,000.

Analyst Ratings Changes

SRAD has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of Sportradar Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Morgan Stanley lifted their price target on Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Sportradar Group from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $12.00 to $15.00 in a report on Monday, October 21st. JMP Securities raised Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 target price for the company in a report on Wednesday, September 4th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.63.

Sportradar Group Price Performance

Shares of SRAD traded down $0.41 during trading hours on Friday, reaching $16.94. 744,326 shares of the company's stock traded hands, compared to its average volume of 843,791. Sportradar Group AG has a 12 month low of $9.17 and a 12 month high of $17.52. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market cap of $18.83 billion, a PE ratio of 84.70, a price-to-earnings-growth ratio of 2.62 and a beta of 2.05. The firm's 50 day simple moving average is $12.82 and its 200-day simple moving average is $11.55.

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.