Sportradar Group AG (NASDAQ:SRAD) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 44.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,255 shares of the company’s stock after selling 140,407 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Sportradar Group were worth $2,987,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Portolan Capital Management LLC purchased a new position in shares of Sportradar Group in the 3rd quarter valued at about $12,061,000. Millennium Management LLC lifted its stake in Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after acquiring an additional 935,909 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after acquiring an additional 463,441 shares in the last quarter. Roubaix Capital LLC purchased a new stake in shares of Sportradar Group in the 3rd quarter valued at approximately $4,131,000. Finally, Concentric Capital Strategies LP acquired a new stake in shares of Sportradar Group in the 3rd quarter valued at $3,805,000.

Sportradar Group Price Performance

SRAD stock opened at $20.75 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $23.06 billion, a P/E ratio of 103.76, a PEG ratio of 1.42 and a beta of 2.18. The business has a 50 day simple moving average of $17.96 and a 200-day simple moving average of $14.15. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $20.92.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SRAD. Benchmark boosted their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup increased their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Morgan Stanley increased their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities boosted their price objective on shares of Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.25.

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.