151,669 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by Lingotto Investment Management LLP

Lingotto Investment Management LLP acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,669 shares of the company’s stock, valued at approximately $2,630,000.

Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after purchasing an additional 28,878 shares during the period. Jane Street Group LLC acquired a new position in Sportradar Group in the third quarter valued at $479,000. GSA Capital Partners LLP boosted its position in Sportradar Group by 142.7% during the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after acquiring an additional 40,621 shares during the last quarter. Moody National Bank Trust Division grew its holdings in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after acquiring an additional 61,105 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Sportradar Group in the 4th quarter worth about $415,000.

Wall Street Analysts Forecast Growth

SRAD has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Thursday, November 7th. JMP Securities restated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Citigroup lifted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Benchmark boosted their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group raised their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.75.

Sportradar Group Stock Down 3.7 %

Sportradar Group stock opened at $20.56 on Wednesday. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 102.81, a price-to-earnings-growth ratio of 1.53 and a beta of 2.21. The firm’s fifty day moving average price is $19.77 and its two-hundred day moving average price is $15.78. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $22.94. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

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.