Jane Street Group LLC Makes New $479,000 Investment in Sportradar Group AG (NASDAQ:SRAD)

Jane Street Group LLC bought a new stake in Sportradar Group AG (NASDAQ:SRAD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,515 shares of the company’s stock, valued at approximately $479,000.

A number of other large investors also recently made changes to their positions in the company. Aurora Investment Counsel lifted its holdings in shares of Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock worth $2,186,000 after buying an additional 706 shares in the last quarter. Quarry LP increased its position in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares during the period. nVerses Capital LLC increased its position in Sportradar Group by 45.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after acquiring an additional 2,000 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Sportradar Group in the 3rd quarter worth about $41,000. Finally, Point72 Asset Management L.P. bought a new stake in Sportradar Group in the 2nd quarter valued at about $75,000.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $18.11 on Tuesday. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $18.46. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $16.52 and its 200 day simple moving average is $13.33. The firm has a market capitalization of $20.13 billion, a PE ratio of 90.55, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SRAD. Morgan Stanley lifted 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 report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $15.00 in a report on Monday, October 21st. Citigroup increased their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. JMP Securities boosted their price target on Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. One 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 has a consensus rating of “Moderate Buy” and an average price target of $16.38.

About Sportradar Group

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.