Barclays PLC Purchases 5,733 Shares of Sportradar Group AG (NASDAQ:SRAD)

Barclays PLC raised its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 3,098.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,918 shares of the company’s stock after buying an additional 5,733 shares during the period. Barclays PLC’s holdings in Sportradar Group were worth $72,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SRAD. Quarry LP boosted its holdings in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group during the 3rd quarter worth about $41,000. Point72 Asset Management L.P. bought a new position in shares of Sportradar Group in the 2nd quarter valued at about $75,000. nVerses Capital LLC increased its position in shares of Sportradar Group by 45.5% in the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Sportradar Group during the third quarter worth about $139,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SRAD shares. Jefferies Financial Group raised their price target on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. JMP Securities boosted their target price on shares of Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Citigroup increased their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. Finally, Benchmark raised their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Sportradar Group Stock Down 0.6 %

Shares of SRAD opened at $20.75 on Friday. The firm has a market cap of $23.06 billion, a P/E ratio of 103.76, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. 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 AG has a 52 week low of $9.17 and a 52 week high of $20.92. The firm’s 50-day simple moving average is $17.96 and its 200 day simple moving average is $14.13.

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.