Acadian Asset Management LLC Sells 17,858 Shares of Sportradar Group AG (NASDAQ:SRAD)

Acadian Asset Management LLC lowered its stake in Sportradar Group AG (NASDAQ:SRAD) by 78.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,949 shares of the company’s stock after selling 17,858 shares during the quarter. Acadian Asset Management LLC’s holdings in Sportradar Group were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. nVerses Capital LLC boosted its position in shares of Sportradar Group by 120.0% during the 2nd 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 last quarter. Lazard Asset Management LLC bought a new stake in shares of Sportradar Group during the 1st quarter valued at about $60,000. Bayesian Capital Management LP bought a new stake in shares of Sportradar Group during the 1st quarter valued at about $158,000. Mendota Financial Group LLC boosted its position in shares of Sportradar Group by 22.7% during the 1st quarter. Mendota Financial Group LLC now owns 15,359 shares of the company’s stock valued at $179,000 after acquiring an additional 2,837 shares during the last quarter. Finally, Adalta Capital Management LLC boosted its position in shares of Sportradar Group by 69.3% during the 1st quarter. Adalta Capital Management LLC now owns 16,925 shares of the company’s stock valued at $197,000 after acquiring an additional 6,925 shares during the last quarter.

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $12.12 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. The business’s 50 day simple moving average is $11.40 and its two-hundred day simple moving average is $10.84. The stock has a market capitalization of $13.47 billion, a P/E ratio of 134.67, a price-to-earnings-growth ratio of 14.85 and a beta of 2.06. Sportradar Group AG has a one year low of $8.08 and a one year high of $12.62.

Analyst Ratings Changes

SRAD has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.00 to $16.00 in a research report on Wednesday, August 14th. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. JPMorgan Chase & Co. began coverage on Sportradar Group in a report on Tuesday, June 18th. They set a “neutral” rating and a $12.00 price objective on the stock. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a report on Wednesday, September 4th. Finally, Morgan Stanley raised their price objective on Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $14.63.

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.