International Assets Investment Management LLC Acquires Shares of 21,798 Sportradar Group AG (NASDAQ:SRAD)

International Assets Investment Management LLC acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,798 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds also recently bought and sold shares of the business. Quarry LP increased its holdings in shares of Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after buying an additional 1,754 shares during the last quarter. nVerses Capital LLC increased its holdings 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 worth $49,000 after buying an additional 2,400 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group during the 1st quarter worth approximately $60,000. Point72 Asset Management L.P. acquired a new stake in shares of Sportradar Group during the 2nd quarter worth approximately $75,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Sportradar Group during the 1st quarter worth approximately $158,000.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $12.65 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $13.20. The stock has a market capitalization of $14.06 billion, a PE ratio of 140.57, a P/E/G ratio of 15.50 and a beta of 2.05. The firm has a 50 day moving average of $12.15 and a two-hundred day moving average of $11.20.

Analysts Set New Price Targets

SRAD has been the subject of a number of recent analyst reports. Benchmark raised their price target on shares of Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $12.00 to $15.00 in a report on Monday, October 21st. Morgan Stanley lifted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, JMP Securities upgraded shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $15.38.

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.