Cornerstone Investment Partners LLC Invests $199,000 in Sportradar Group AG (NASDAQ:SRAD)

Cornerstone Investment Partners LLC bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,487 shares of the company’s stock, valued at approximately $199,000.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Sportradar Group in the 4th quarter worth about $28,000. US Bancorp DE purchased a new position in shares of Sportradar Group in the fourth quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Sportradar Group during the third quarter valued at approximately $41,000. R Squared Ltd purchased a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after acquiring an additional 1,272 shares in the last quarter.

Sportradar Group Stock Up 2.0 %

Shares of Sportradar Group stock opened at $21.82 on Wednesday. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of 109.11, a P/E/G ratio of 1.53 and a beta of 2.21. The stock has a 50-day simple moving average of $20.14 and a 200-day simple moving average of $16.08. Sportradar Group AG has a 52-week low of $9.17 and a 52-week high of $22.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Analyst Upgrades and Downgrades

SRAD has been the topic of several recent analyst reports. 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 note on Friday, November 8th. Canaccord Genuity Group upped their price target on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Needham & Company LLC restated a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. Citigroup upped their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group increased their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.67.

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.