nVerses Capital LLC Buys 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 3rd quarter, Holdings Channel.com reports. The fund owned 6,400 shares of the company’s stock after acquiring an additional 2,000 shares during the period. nVerses Capital LLC’s holdings in Sportradar Group were worth $78,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SRAD. Millennium Management LLC increased its holdings 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 acquiring an additional 935,909 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in shares of Sportradar Group during the second quarter valued at $8,392,000. Marshall Wace LLP increased its holdings 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 acquiring an additional 236,831 shares in the last quarter. Renaissance Technologies LLC increased its holdings 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 acquiring an additional 135,800 shares in the last quarter. Finally, AM Investment Strategies LLC increased its holdings 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 acquiring an additional 110,520 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SRAD shares. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Wednesday, September 4th. Benchmark boosted their target price on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $16.00 in a research report on Wednesday, August 14th. Finally, Morgan Stanley boosted their target price on Sportradar Group from $11.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus price target of $14.88.

Sportradar Group Trading Down 1.6 %

Sportradar Group stock opened at $12.39 on Monday. The business has a 50-day simple moving average of $11.86 and a two-hundred day simple moving average of $11.04. The company has a market cap of $13.77 billion, a P/E ratio of 137.67, a P/E/G ratio of 15.63 and a beta of 2.06. Sportradar Group AG has a 52-week low of $8.08 and a 52-week high of $12.97. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05.

About Sportradar Group

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.