Concentric Capital Strategies LP Acquires Shares of 314,241 Sportradar Group AG (NASDAQ:SRAD)

Concentric Capital Strategies LP bought a new stake in Sportradar Group AG (NASDAQ:SRAD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 314,241 shares of the company’s stock, valued at approximately $3,805,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in Sportradar Group in the third quarter worth about $41,000. Verition Fund Management LLC bought a new position in shares of Sportradar Group in the 3rd quarter valued at about $406,000. Walleye Trading LLC bought a new position in shares of Sportradar Group in the 3rd quarter valued at about $157,000. Walleye Capital LLC acquired a new stake in shares of Sportradar Group during the 3rd quarter worth approximately $651,000. Finally, Millrace Asset Group Inc. bought a new stake in shares of Sportradar Group during the third quarter worth approximately $1,278,000.

Sportradar Group Trading Down 0.3 %

NASDAQ SRAD opened at $17.28 on Tuesday. Sportradar Group AG has a one year low of $9.17 and a one year high of $18.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $19.21 billion, a P/E ratio of 86.40, a P/E/G ratio of 2.12 and a beta of 2.20. The stock’s 50-day moving average is $14.02 and its 200-day moving average is $12.15.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Wednesday, September 4th. Benchmark increased their target price on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.