Exchange Traded Concepts LLC lessened its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 312,662 shares of the company's stock after selling 47,075 shares during the quarter. Exchange Traded Concepts LLC's holdings in Sportradar Group were worth $3,786,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in SRAD. Acadian Asset Management LLC purchased a new position in shares of Sportradar Group during the 1st quarter worth approximately $263,000. Quadrature Capital Ltd purchased a new position in Sportradar Group during the first quarter worth $515,000. Lazard Asset Management LLC acquired a new position in shares of Sportradar Group in the first quarter worth $60,000. Aristides Capital LLC purchased a new stake in shares of Sportradar Group in the first quarter valued at $281,000. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Sportradar Group by 23.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company's stock valued at $295,000 after acquiring an additional 4,789 shares during the last quarter.
SRAD stock opened at $12.41 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 137.90, a PEG ratio of 15.32 and a beta of 2.06. The business has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $11.01. Sportradar Group AG has a 52 week low of $8.08 and a 52 week high of $12.97.
Several brokerages recently weighed in on SRAD. JMP Securities raised shares of Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 target price for the company in a research note on Wednesday, September 4th. Benchmark upped their price objective on shares of Sportradar Group from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of Sportradar Group from $11.50 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, July 12th. JPMorgan Chase & Co. initiated coverage on Sportradar Group in a research note on Tuesday, June 18th. They set a "neutral" rating and a $12.00 price target on the stock. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Sportradar Group presently has an average rating of "Moderate Buy" and a consensus price target of $14.88.
Read Our Latest Stock Report on SRAD
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.
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