Sportradar Group AG (NASDAQ:SRAD) Shares Bought by Aurora Investment Counsel

Aurora Investment Counsel increased its position in Sportradar Group AG (NASDAQ:SRAD) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,838 shares of the company’s stock after buying an additional 17,322 shares during the period. Aurora Investment Counsel’s holdings in Sportradar Group were worth $2,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC grew its stake in Sportradar Group by 65.3% in the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock worth $3,843,000 after acquiring an additional 135,800 shares during the period. Divisadero Street Capital Management LP acquired a new position in Sportradar Group in the second quarter valued at $8,392,000. Lazard Asset Management LLC purchased a new position in Sportradar Group during the first quarter worth about $60,000. Quadrature Capital Ltd purchased a new position in Sportradar Group during the first quarter worth about $515,000. Finally, Acadian Asset Management LLC acquired a new stake in Sportradar Group in the 1st quarter worth about $263,000.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $12.11 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The company has a market cap of $13.46 billion, a PE ratio of 134.56, a P/E/G ratio of 15.44 and a beta of 2.06. The company’s fifty day simple moving average is $11.51 and its 200-day simple moving average is $10.94. Sportradar Group AG has a 52 week low of $8.08 and a 52 week high of $12.97.

Analyst Ratings Changes

Several research analysts have recently weighed in on SRAD shares. Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. JPMorgan Chase & Co. began coverage on Sportradar Group in a report on Tuesday, June 18th. They set a “neutral” rating and a $12.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $12.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.63.

Sportradar Group Company 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.