Sportradar Group AG (NASDAQ:SRAD) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 224,668 shares of the company’s stock after purchasing an additional 8,551 shares during the period. Harbor Capital Advisors Inc.’s holdings in Sportradar Group were worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Portolan Capital Management LLC acquired a new position in shares of Sportradar Group in the 3rd quarter valued at about $12,061,000. Millennium Management LLC lifted its holdings in Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after acquiring an additional 935,909 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in Sportradar Group in the second quarter worth about $8,392,000. Janus Henderson Group PLC boosted its stake in Sportradar Group by 14.9% in the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after acquiring an additional 463,441 shares during the period. Finally, Roubaix Capital LLC bought a new position in shares of Sportradar Group during the third quarter valued at approximately $4,131,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley increased their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. 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 report on Thursday, November 21st. JMP Securities boosted their target price on shares of Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Benchmark raised their price target 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. Finally, JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Sportradar Group Stock Performance

SRAD opened at $19.00 on Friday. The business has a 50 day moving average price of $16.87 and a two-hundred day moving average price of $13.45. 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 company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 95.00, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $19.22.

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.