New York State Common Retirement Fund Invests $12.89 Million in Sportradar Group AG (NASDAQ:SRAD)

New York State Common Retirement Fund acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) during the fourth quarter, HoldingsChannel reports. The firm acquired 743,202 shares of the company’s stock, valued at approximately $12,887,000.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Sportradar Group during the 3rd quarter valued at about $264,000. Wilson Asset Management International PTY Ltd. bought a new position in shares of Sportradar Group in the third quarter valued at approximately $3,246,000. GW Henssler & Associates Ltd. acquired a new position in shares of Sportradar Group during the third quarter valued at approximately $150,000. Roubaix Capital LLC bought a new stake in Sportradar Group during the third quarter worth approximately $4,131,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Sportradar Group in the third quarter worth approximately $2,617,000.

Sportradar Group Price Performance

NASDAQ SRAD opened at $21.26 on Monday. 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 1 year low of $9.17 and a 1 year high of $22.94. The company has a market cap of $23.63 billion, a PE ratio of 106.31, a PEG ratio of 1.53 and a beta of 2.21. The stock’s 50-day moving average price is $19.63 and its two-hundred day moving average price is $15.64.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark lifted their price target on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Citigroup lifted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. One 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $18.75.

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.