JPMorgan Chase & Co. Has $639,000 Stake in Sportradar Group AG (NASDAQ:SRAD)

JPMorgan Chase & Co. lifted its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 120.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,784 shares of the company's stock after buying an additional 28,878 shares during the period. JPMorgan Chase & Co.'s holdings in Sportradar Group were worth $639,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aurora Investment Counsel increased its holdings in shares of Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock worth $2,186,000 after buying an additional 706 shares in the last quarter. Quarry LP grew its position in Sportradar Group by 187.4% during 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 holdings in Sportradar Group by 45.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company's stock worth $78,000 after purchasing an additional 2,000 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Sportradar Group in the third quarter valued at about $41,000. Finally, Barclays PLC boosted its stake in shares of Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company's stock valued at $72,000 after purchasing an additional 5,733 shares in the last quarter.

Analysts Set New Price Targets

SRAD has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. 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. JMP Securities reissued a "market outperform" rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday. 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. Finally, JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and upped their price target for the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and a consensus target price of $17.25.

Sportradar Group Trading Up 5.0 %

Sportradar Group stock traded up $1.01 during trading hours on Tuesday, reaching $21.15. 509,425 shares of the company's stock were exchanged, compared to its average volume of 1,070,577. The firm has a market capitalization of $23.51 billion, a PE ratio of 105.81, a PEG ratio of 1.42 and a beta of 2.18. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm's 50 day simple moving average is $18.02 and its 200 day simple moving average is $14.24. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $21.12.

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.