Wilson Asset Management International PTY Ltd. Makes New $3.25 Million Investment in Sportradar Group AG (NASDAQ:SRAD)

Wilson Asset Management International PTY Ltd. bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 268,018 shares of the company’s stock, valued at approximately $3,246,000. Sportradar Group accounts for about 0.8% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 27th largest holding.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC increased its stake 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 buying an additional 935,909 shares during the period. Renaissance Technologies LLC boosted its holdings in Sportradar Group by 65.3% in the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after purchasing an additional 135,800 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in Sportradar Group in the second quarter valued at approximately $8,392,000. Lazard Asset Management LLC acquired a new position in Sportradar Group in the first quarter valued at approximately $60,000. Finally, Quadrature Capital Ltd acquired a new position in Sportradar Group in the first quarter valued at approximately $515,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SRAD shares. 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 report on Wednesday, September 4th. Morgan Stanley increased their price objective on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $15.00 in a report on Monday, October 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.38.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $12.47 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a fifty day moving average price of $12.01 and a 200 day moving average price of $11.07. Sportradar Group AG has a 1-year low of $8.08 and a 1-year high of $13.20. The company has a market cap of $13.86 billion, a PE ratio of 138.57, a P/E/G ratio of 15.51 and a beta of 2.06.

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.