Verition Fund Management LLC Makes New Investment in Sportradar Group AG (NASDAQ:SRAD)

Verition Fund Management LLC acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,496 shares of the company's stock, valued at approximately $406,000.

Several other hedge funds have also made changes to their positions in SRAD. Quarry LP lifted its position in Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company's stock valued at $30,000 after purchasing an additional 1,754 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of Sportradar Group by 120.0% during the second quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock valued at $49,000 after buying an additional 2,400 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Sportradar Group during the second quarter valued at approximately $75,000. Quantbot Technologies LP acquired a new position in shares of Sportradar Group during the third quarter worth approximately $139,000. Finally, GW Henssler & Associates Ltd. bought a new position in Sportradar Group in the 3rd quarter worth approximately $150,000.

Analyst Upgrades and Downgrades

SRAD has been the topic of several recent analyst reports. Citigroup lifted their target price on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Benchmark upped their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $16.00 target price on shares of Sportradar Group in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Sportradar Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. Finally, Morgan Stanley increased their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.00.

Sportradar Group Trading Down 1.1 %

Shares of NASDAQ SRAD traded down $0.20 during mid-day trading on Friday, hitting $17.34. 376,099 shares of the company traded hands, compared to its average volume of 463,279. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $18.05. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 86.70, a PEG ratio of 2.15 and a beta of 2.20. The business has a 50 day moving average of $14.95 and a two-hundred day moving average of $12.55.

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.