Sportradar Group AG (NASDAQ:SRAD) Stock Holdings Increased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC grew its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 23.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 25,363 shares of the company’s stock after purchasing an additional 4,789 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Sportradar Group were worth $295,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Roubaix Capital LLC increased its position in shares of Sportradar Group by 47.1% during the 4th quarter. Roubaix Capital LLC now owns 356,795 shares of the company’s stock valued at $3,943,000 after purchasing an additional 114,238 shares during the period. Aurora Investment Counsel acquired a new position in shares of Sportradar Group in the 4th quarter worth $1,372,000. Quadrature Capital Ltd acquired a new position in shares of Sportradar Group in the 1st quarter worth $515,000. Truist Financial Corp grew its holdings in shares of Sportradar Group by 4.3% in the 4th quarter. Truist Financial Corp now owns 33,298 shares of the company’s stock worth $368,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Sportradar Group in the 4th quarter worth $302,000.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $10.86 on Thursday. The business has a 50 day moving average price of $10.89 and a 200 day moving average price of $10.55. Sportradar Group AG has a twelve month low of $8.08 and a twelve month high of $15.06. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 120.68 and a beta of 2.05. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Sportradar Group from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Benchmark restated a “buy” rating and issued a $12.00 target price on shares of Sportradar Group in a research note on Thursday, May 16th. Morgan Stanley boosted their target price on Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, July 12th. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. assumed coverage on Sportradar Group in a research note on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.88.

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.