Renaissance Technologies LLC Purchases 135,800 Shares of Sportradar Group AG (NASDAQ:SRAD)

Renaissance Technologies LLC increased its holdings in Sportradar Group AG (NASDAQ:SRAD) by 65.3% in the second quarter, Holdings Channel reports. The fund owned 343,700 shares of the company’s stock after purchasing an additional 135,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Sportradar Group were worth $3,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in shares of Sportradar Group in the 1st quarter worth $60,000. Quadrature Capital Ltd purchased a new position in Sportradar Group in the first quarter valued at about $515,000. Acadian Asset Management LLC bought a new position in Sportradar Group in the first quarter worth about $263,000. Bayesian Capital Management LP purchased a new stake in shares of Sportradar Group during the first quarter valued at about $158,000. Finally, nVerses Capital LLC boosted its holdings in shares of Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after buying an additional 2,400 shares in the last quarter.

Sportradar Group Stock Down 1.6 %

Shares of SRAD stock opened at $12.34 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54. Sportradar Group AG has a fifty-two week low of $8.08 and a fifty-two week high of $12.97. The firm has a market capitalization of $13.72 billion, a PE ratio of 137.13, a P/E/G ratio of 15.44 and a beta of 2.06. The stock’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $10.92.

Analyst Ratings Changes

SRAD has been the subject of a number of analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 4th. Benchmark reaffirmed a “buy” rating and set a $12.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Morgan Stanley boosted their price target on Sportradar Group from $11.50 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Sportradar Group in a research report on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $14.63.

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.