SBI Securities Co. Ltd. Invests $28,000 in Sportradar Group AG (NASDAQ:SRAD)

SBI Securities Co. Ltd. purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,595 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Aurora Investment Counsel raised its stake in shares of Sportradar Group by 0.4% during the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock worth $2,186,000 after buying an additional 706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after buying an additional 1,272 shares during the last quarter. US Bancorp DE acquired a new position in shares of Sportradar Group during the 4th quarter worth $39,000. R Squared Ltd purchased a new stake in Sportradar Group during the 4th quarter worth about $44,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Sportradar Group during the 3rd quarter worth about $41,000.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Citigroup lifted their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JMP Securities restated a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Canaccord Genuity Group lifted their price target on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Guggenheim began coverage on Sportradar Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price target for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $20.33 on Thursday. The firm has a market capitalization of $22.60 billion, a P/E ratio of 101.66, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $22.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The business’s 50-day simple moving average is $20.55 and its 200-day simple moving average is $16.47.

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.