Roubaix Capital LLC Takes $4.13 Million Position in Sportradar Group AG (NASDAQ:SRAD)

Roubaix Capital LLC acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 341,153 shares of the company’s stock, valued at approximately $4,131,000. Sportradar Group accounts for about 2.3% of Roubaix Capital LLC’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Sportradar Group by 133.7% in the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after purchasing an additional 935,909 shares during the last quarter. Divisadero Street Capital Management LP purchased a new stake in shares of Sportradar Group during the 2nd quarter valued at approximately $8,392,000. Wilson Asset Management International PTY Ltd. acquired a new position in Sportradar Group in the third quarter valued at approximately $3,246,000. Marshall Wace LLP grew its position in Sportradar Group by 152.8% in the second quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock worth $4,380,000 after acquiring an additional 236,831 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock worth $3,843,000 after acquiring an additional 135,800 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SRAD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $16.00 in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Finally, Benchmark increased their price objective on shares of Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Sportradar Group has a consensus rating of “Moderate Buy” and an average target price of $15.38.

Sportradar Group Trading Down 0.6 %

Shares of SRAD stock opened at $12.70 on Thursday. The stock has a market capitalization of $14.12 billion, a P/E ratio of 141.11, a price-to-earnings-growth ratio of 15.51 and a beta of 2.06. Sportradar Group AG has a fifty-two week low of $8.08 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50 day moving average price of $12.06 and a 200 day moving average price of $11.10.

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.