Moody Aldrich Partners LLC Invests $2.48 Million in Sportradar Group AG (NASDAQ:SRAD)

Moody Aldrich Partners LLC bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 143,064 shares of the company’s stock, valued at approximately $2,481,000.

Several other large investors have also made changes to their positions in the business. Hsbc Holdings PLC purchased a new stake in shares of Sportradar Group during the second quarter worth approximately $189,000. Marshall Wace LLP increased its position 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 worth $4,380,000 after purchasing an additional 236,831 shares in the last quarter. Millennium Management LLC increased its position 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 worth $18,292,000 after purchasing an additional 935,909 shares in the last quarter. Quarry LP increased its position in shares of Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Sportradar Group during the second quarter worth approximately $75,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research report on Monday. Morgan Stanley boosted their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded 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. Benchmark upped their target price on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group upped their target price on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $21.20 on Wednesday. The stock has a market cap of $23.56 billion, a PE ratio of 106.01, a P/E/G ratio of 1.42 and a beta of 2.18. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $21.24. The stock has a fifty day simple moving average of $18.10 and a 200-day simple moving average of $14.31.

Sportradar Group 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.