Verition Fund Management LLC Takes $406,000 Position in Sportradar Group AG (NASDAQ:SRAD)

Verition Fund Management LLC bought a new stake in Sportradar Group AG (NASDAQ:SRAD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,496 shares of the company’s stock, valued at approximately $406,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in shares of Sportradar Group by 142.7% in the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after buying an additional 40,621 shares during the period. Millennium Management LLC increased its stake in shares of Sportradar Group by 133.7% in the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after buying an additional 935,909 shares during the period. Renaissance Technologies LLC increased its stake in shares of Sportradar Group by 65.3% in the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after buying an additional 135,800 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Sportradar Group in the 3rd quarter valued at $2,617,000. Finally, Roubaix Capital LLC acquired a new stake in shares of Sportradar Group in the 3rd quarter valued at $4,131,000.

Analyst Ratings Changes

SRAD has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. Benchmark raised their price target on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities upgraded Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, Morgan Stanley raised their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Sportradar Group Stock Performance

SRAD opened at $17.54 on Friday. The business’s 50-day moving average price is $14.85 and its two-hundred day moving average price is $12.50. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $18.05. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 87.70, a P/E/G ratio of 2.16 and a beta of 2.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick 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.