143,064 Shares in Sportradar Group AG (NASDAQ:SRAD) Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC purchased a new stake in Sportradar Group AG (NASDAQ:SRAD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 143,064 shares of the company’s stock, valued at approximately $2,481,000.

A number of other hedge funds also recently bought and sold shares of the stock. Portolan Capital Management LLC acquired a new stake in shares of Sportradar Group during the 3rd quarter worth about $12,061,000. Millennium Management LLC grew its stake in Sportradar Group by 133.7% during the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after buying an additional 935,909 shares during the last quarter. Janus Henderson Group PLC grew 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 worth $43,384,000 after buying an additional 463,441 shares during the last quarter. Roubaix Capital LLC purchased a new position in Sportradar Group during the 3rd quarter worth approximately $4,131,000. Finally, Concentric Capital Strategies LP purchased a new position in Sportradar Group during the 3rd quarter worth approximately $3,805,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SRAD. Benchmark lifted their target price on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JMP Securities reissued a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a report on Monday. Morgan Stanley raised their price target on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $21.20 on Wednesday. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $21.24. The stock has a market cap of $23.56 billion, a price-to-earnings ratio of 106.01, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. The business has a fifty day moving average of $18.10 and a 200-day moving average of $14.31. 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 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.