Harbor Capital Advisors Inc. Boosts Stock Position in Sportradar Group AG (NASDAQ:SRAD)

Harbor Capital Advisors Inc. lifted its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,668 shares of the company’s stock after buying an additional 8,551 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Sportradar Group were worth $3,896,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SRAD. JPMorgan Chase & Co. raised its holdings in Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after acquiring an additional 28,878 shares during the last quarter. Barclays PLC boosted its position in shares of Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after acquiring an additional 5,733 shares during the last quarter. XTX Topco Ltd purchased a new stake in Sportradar Group in the third quarter valued at approximately $293,000. Jane Street Group LLC purchased a new position in Sportradar Group during the third quarter worth approximately $479,000. Finally, Quarry LP boosted its holdings in shares of Sportradar Group by 264.0% in the 3rd quarter. Quarry LP now owns 9,792 shares of the company’s stock valued at $119,000 after purchasing an additional 7,102 shares during the last quarter.

Sportradar Group Price Performance

SRAD opened at $19.00 on Friday. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $19.22. 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 firm has a market cap of $21.12 billion, a price-to-earnings ratio of 95.00, a PEG ratio of 2.12 and a beta of 2.18. The company has a fifty day simple moving average of $16.87 and a 200 day simple moving average of $13.45.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SRAD shares. Morgan Stanley increased 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. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Benchmark increased their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities lifted their price target on shares of Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Monday, January 6th. Finally, Citigroup increased their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.38.

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.