Zevenbergen Capital Investments LLC Buys New Position in Sportradar Group AG (NASDAQ:SRAD)

Zevenbergen Capital Investments LLC bought a new stake in Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 228,600 shares of the company’s stock, valued at approximately $3,964,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in 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 buying an additional 1,272 shares in the last quarter. LPL Financial LLC grew its position in Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after buying an additional 1,287 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group during the 4th quarter valued at about $28,000. US Bancorp DE bought a new position in shares of Sportradar Group during the 4th quarter valued at about $39,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group during the 4th quarter valued at about $44,000.

Sportradar Group Trading Up 0.1 %

Shares of SRAD stock opened at $22.32 on Monday. Sportradar Group AG has a 12 month low of $9.17 and a 12 month high of $23.00. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $21.01 and its two-hundred day moving average is $16.99. The company has a market cap of $24.81 billion, a PE ratio of 111.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19.

Analysts Set New Price Targets

A number of research firms have commented on SRAD. Needham & Company LLC upped their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup increased their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Jefferies Financial Group increased their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Company 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.