23,435 Shares in Sportradar Group AG (NASDAQ:SRAD) Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 23,435 shares of the company’s stock, valued at approximately $406,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aurora Investment Counsel raised its holdings in shares of Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after buying an additional 706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 valued at $48,000 after acquiring an additional 1,272 shares during the period. R Squared Ltd acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $44,000. Point72 Hong Kong Ltd bought a new stake in Sportradar Group during the 3rd quarter valued at $41,000. Finally, Barclays PLC boosted its position in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after acquiring an additional 5,733 shares during the period.

Wall Street Analysts Forecast Growth

SRAD has been the topic of a number of research analyst reports. Benchmark raised their price target on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Citigroup increased their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JMP Securities reissued a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Jefferies Financial Group boosted their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Canaccord Genuity Group raised their price objective on Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.75.

Sportradar Group Stock Down 3.7 %

Shares of SRAD opened at $20.56 on Wednesday. The business’s fifty day moving average price is $19.77 and its two-hundred day moving average price is $15.78. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 102.81, a PEG ratio of 1.53 and a beta of 2.21. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $22.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

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.