Hsbc Holdings PLC Acquires New Stake in Sportradar Group AG (NASDAQ:SRAD)

Hsbc Holdings PLC bought a new position in Sportradar Group AG (NASDAQ:SRAD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,112 shares of the company’s stock, valued at approximately $189,000.

A number of other institutional investors have also recently modified their holdings of the stock. nVerses Capital LLC raised its position in shares of Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock worth $49,000 after purchasing an additional 2,400 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Sportradar Group during the first quarter valued at approximately $60,000. Bayesian Capital Management LP bought a new stake in shares of Sportradar Group during the first quarter valued at approximately $158,000. Adalta Capital Management LLC raised its holdings in Sportradar Group by 69.3% in the 1st quarter. Adalta Capital Management LLC now owns 16,925 shares of the company’s stock worth $197,000 after acquiring an additional 6,925 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Sportradar Group in the 1st quarter worth approximately $263,000.

Wall Street Analysts Forecast Growth

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

Sportradar Group Trading Up 3.2 %

Shares of SRAD stock opened at $12.22 on Friday. The firm has a fifty day moving average price of $11.59 and a 200-day moving average price of $10.99. Sportradar Group AG has a 1 year low of $8.08 and a 1 year high of $12.97. 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 company has a market cap of $13.58 billion, a price-to-earnings ratio of 135.79, a PEG ratio of 15.02 and a beta of 2.06.

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.