JPMorgan Chase & Co. Purchases 490,755 Shares of Sportradar Group AG $SRAD

JPMorgan Chase & Co. increased its holdings in Sportradar Group AG (NASDAQ:SRAD) by 71.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,174,810 shares of the company’s stock after acquiring an additional 490,755 shares during the period. JPMorgan Chase & Co. owned about 0.39% of Sportradar Group worth $31,602,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SRAD. Massachusetts Financial Services Co. MA lifted its stake in Sportradar Group by 39.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock valued at $164,223,000 after purchasing an additional 1,721,495 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in shares of Sportradar Group during the 2nd quarter valued at $1,404,000. Greenhouse Funds LLLP grew its stake in shares of Sportradar Group by 1.6% during the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after acquiring an additional 129,276 shares during the period. Hsbc Holdings PLC increased its holdings in Sportradar Group by 200.0% in the 2nd quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock worth $2,060,000 after acquiring an additional 49,272 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in Sportradar Group in the 2nd quarter valued at about $1,246,000.

Analysts Set New Price Targets

Several research analysts recently commented on SRAD shares. Citizens Jmp cut their price objective on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a report on Monday, January 5th. Wells Fargo & Company dropped their target price on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Guggenheim lifted their price target on Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus price target of $31.47.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $18.26 on Friday. The stock has a market cap of $5.47 billion, a PE ratio of 57.06 and a beta of 2.01. The company’s fifty day moving average is $19.48 and its 200 day moving average is $24.02. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 52 week low of $15.73 and a 52 week high of $32.22.

Sportradar Group Company 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.