Thurston Springer Miller Herd & Titak Inc. Has $48,000 Position in Sportradar Group AG (NASDAQ:SRAD)

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 85.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,762 shares of the company’s stock after buying an additional 1,272 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Sportradar Group were worth $48,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SRAD. GSA Capital Partners LLP boosted its position in Sportradar Group by 142.7% during the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after purchasing an additional 40,621 shares during the last quarter. Jane Street Group LLC acquired a new position in Sportradar Group during the third quarter valued at approximately $479,000. Moody National Bank Trust Division boosted its position in Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after purchasing an additional 61,105 shares during the last quarter. Millennium Management LLC boosted its position in Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after purchasing an additional 935,909 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after purchasing an additional 135,800 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on SRAD shares. Morgan Stanley increased their price target on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Benchmark upped their price objective on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JMP Securities upped their price objective on Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $20.04 on Friday. The firm has a market cap of $22.27 billion, a P/E ratio of 100.21, a price-to-earnings-growth ratio of 1.47 and a beta of 2.18. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $20.90. The business’s 50 day moving average is $17.61 and its 200-day moving average is $13.83.

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.