53,735 Shares in Sportradar Group AG (NASDAQ:SRAD) Purchased by Walleye Capital LLC

Walleye Capital LLC bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 53,735 shares of the company's stock, valued at approximately $651,000.

Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company's stock valued at $30,000 after buying an additional 1,754 shares during the period. nVerses Capital LLC grew its position in 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 acquiring an additional 2,400 shares during the period. Point72 Asset Management L.P. acquired a new stake in Sportradar Group during the second quarter worth about $75,000. Quantbot Technologies LP purchased a new position in shares of Sportradar Group in the 3rd quarter worth about $139,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Sportradar Group in the 3rd quarter valued at about $150,000.

Wall Street Analyst Weigh In

SRAD has been the topic of several research reports. Canaccord Genuity Group restated a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. Citigroup lifted their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $12.00 to $15.00 in a report on Monday, October 21st. Morgan Stanley upped their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Benchmark raised their target price on Sportradar Group from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Sportradar Group Stock Up 2.9 %

SRAD traded up $0.50 on Friday, reaching $17.68. The company's stock had a trading volume of 604,088 shares, compared to its average volume of 1,070,240. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $18.05. The business's 50 day moving average is $14.42 and its 200 day moving average is $12.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $19.65 billion, a price-to-earnings ratio of 88.40, a price-to-earnings-growth ratio of 2.14 and a beta of 2.20.

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.