State of New Jersey Common Pension Fund D Has $2.88 Million Stock Position in Sportradar Group AG $SRAD

State of New Jersey Common Pension Fund D reduced its holdings in Sportradar Group AG (NASDAQ:SRAD) by 54.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 106,925 shares of the company’s stock after selling 125,509 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sportradar Group were worth $2,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sportradar Group in the first quarter worth $573,000. Goldman Sachs Group Inc. boosted its holdings in Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after purchasing an additional 388,769 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Sportradar Group in the 2nd quarter worth $257,000. Shaker Investments LLC OH grew its position in Sportradar Group by 44.6% in the 2nd quarter. Shaker Investments LLC OH now owns 63,121 shares of the company’s stock worth $1,772,000 after purchasing an additional 19,471 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Sportradar Group by 52.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 104,596 shares of the company’s stock worth $2,937,000 after purchasing an additional 36,052 shares during the period.

Analyst Ratings Changes

Several research firms recently weighed in on SRAD. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Guggenheim upped their price target on Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus assumed coverage on Sportradar Group in a research report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price objective for the company. Wells Fargo & Company decreased their price objective on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average price target of $31.47.

Sportradar Group Stock Up 1.7%

NASDAQ SRAD opened at $17.76 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $19.97 and its two-hundred day moving average is $24.41. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 55.50 and a beta of 2.01. Sportradar Group AG has a 1-year low of $15.73 and a 1-year high of $32.22.

Sportradar Group Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.