Adalta Capital Management LLC Sells 2,000 Shares of Sportradar Group AG (NASDAQ:SRAD)

Adalta Capital Management LLC trimmed its holdings in Sportradar Group AG (NASDAQ:SRAD) by 26.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,675 shares of the company’s stock after selling 2,000 shares during the quarter. Adalta Capital Management LLC’s holdings in Sportradar Group were worth $69,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. AM Investment Strategies LLC grew its stake in shares of Sportradar Group by 31.1% in the second quarter. AM Investment Strategies LLC now owns 465,540 shares of the company’s stock worth $5,205,000 after acquiring an additional 110,520 shares during the period. nVerses Capital LLC raised its stake in Sportradar Group by 120.0% during 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 during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Sportradar Group by 65.3% during 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. Hsbc Holdings PLC purchased a new position in shares of Sportradar Group in the 2nd quarter worth $189,000. Finally, Divisadero Street Capital Management LP purchased a new position in shares of Sportradar Group in the 2nd quarter worth $8,392,000.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Citigroup raised their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $12.00 to $15.00 in a report on Monday, October 21st. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. Finally, Benchmark upped their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Sportradar Group Stock Up 2.9 %

Shares of SRAD stock opened at $17.68 on Monday. The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of 88.40, a PEG 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. The company’s fifty day moving average price is $14.42 and its 200-day moving average price is $12.34. Sportradar Group AG has a one year low of $9.17 and a one year high of $18.05.

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.