15,489 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by M&T Bank Corp

M&T Bank Corp purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,489 shares of the company’s stock, valued at approximately $269,000.

A number of other large investors have also recently bought and sold shares of the business. Aurora Investment Counsel boosted its stake in 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 purchasing an additional 706 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after acquiring an additional 1,272 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Sportradar Group in the 4th quarter worth $28,000. US Bancorp DE acquired a new stake in shares of Sportradar Group in the 4th quarter worth $39,000. Finally, R Squared Ltd acquired a new stake in shares of Sportradar Group in the 4th quarter worth $44,000.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $20.08 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $20.70 and a two-hundred day moving average price of $16.61. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $22.94. The company has a market capitalization of $22.32 billion, a P/E ratio of 100.41, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19.

Wall Street Analysts Forecast Growth

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

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.