nVerses Capital LLC Acquires 2,000 Shares of Sportradar Group AG (NASDAQ:SRAD)

nVerses Capital LLC grew its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 45.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,400 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. nVerses Capital LLC’s holdings in Sportradar Group were worth $78,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in shares of 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 period. Divisadero Street Capital Management LP purchased a new stake in shares of Sportradar Group during the second quarter valued at approximately $8,392,000. AM Investment Strategies LLC boosted its stake in shares of Sportradar Group by 31.1% during the second quarter. AM Investment Strategies LLC now owns 465,540 shares of the company’s stock valued at $5,205,000 after purchasing an additional 110,520 shares during the period. Marshall Wace LLP boosted its stake in shares of Sportradar Group by 152.8% during the second quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock valued at $4,380,000 after purchasing an additional 236,831 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 period.

Sportradar Group Price Performance

SRAD opened at $12.39 on Monday. The stock has a fifty day simple moving average of $11.86 and a two-hundred day simple moving average of $11.04. 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 $13.77 billion, a price-to-earnings ratio of 137.67, a price-to-earnings-growth ratio of 15.63 and a beta of 2.06. Sportradar Group AG has a 12-month low of $8.08 and a 12-month high of $12.97.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SRAD shares. Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Wednesday, September 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Benchmark raised their price target on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $14.88.

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.