Portolan Capital Management LLC Buys New Shares in Sportradar Group AG (NASDAQ:SRAD)

Portolan Capital Management LLC bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 995,953 shares of the company’s stock, valued at approximately $12,061,000. Portolan Capital Management LLC owned 0.09% of Sportradar Group as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Aurora Investment Counsel lifted its position in shares of Sportradar Group by 0.4% during the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after acquiring an additional 706 shares during the period. Quarry LP increased its stake in 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 purchasing an additional 1,754 shares in the last quarter. nVerses Capital LLC increased its stake in Sportradar Group by 45.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after purchasing an additional 2,000 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Sportradar Group during the 3rd quarter valued at $41,000. Finally, Point72 Asset Management L.P. bought a new stake in Sportradar Group during the 2nd quarter valued at $75,000.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $17.44 on Wednesday. The company’s 50-day moving average is $14.12 and its 200 day moving average is $12.20. 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 company has a market capitalization of $19.38 billion, a P/E ratio of 87.20, a price-to-earnings-growth ratio of 2.11 and a beta of 2.20. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $18.05.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group restated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research note on Thursday, November 7th. Benchmark upped their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $12.00 to $16.00 in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Sportradar Group 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.