Sportradar Group (NASDAQ:SRAD) Shares Up 4.3% - Here's What Happened

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price rose 4.3% on Wednesday . The company traded as high as $20.72 and last traded at $20.95. Approximately 303,952 shares changed hands during trading, a decline of 49% from the average daily volume of 591,426 shares. The stock had previously closed at $20.08.

Analyst Ratings Changes

A number of brokerages recently issued reports on SRAD. Benchmark boosted their price target on Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday. JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Needham & Company LLC lifted their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the company a "buy" rating in a report on Thursday. Guggenheim began coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Sportradar Group from $20.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.67.

Sportradar Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50-day moving average of $20.95 and a two-hundred day moving average of $16.84. The company has a market cap of $24.81 billion, a P/E ratio of 111.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19.

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Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Greenhouse Funds LLLP increased its position in shares of Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock valued at $170,868,000 after acquiring an additional 193,962 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock valued at $43,384,000 after purchasing an additional 463,441 shares during the last quarter. Unisphere Establishment bought a new stake in shares of Sportradar Group in the 4th quarter worth $51,596,000. Granahan Investment Management LLC raised its stake in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after purchasing an additional 454,826 shares in the last quarter.

Sportradar Group Company 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.