AM Investment Strategies LLC Sells 5,000 Shares of Sportradar Group AG (NASDAQ:SRAD)

by · The Cerbat Gem

AM Investment Strategies LLC cut its stake in Sportradar Group AG (NASDAQ:SRAD – Free Report) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 460,540 shares of the company’s stock after selling 5,000 shares during the period. Sportradar Group makes up 1.4% of AM Investment Strategies LLC’s holdings, making the stock its 15th largest position. AM Investment Strategies LLC’s holdings in Sportradar Group were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SRAD. Roubaix Capital LLC acquired a new stake in Sportradar Group in the 3rd quarter valued at $4,131,000. GW Henssler & Associates Ltd. bought a new position in shares of Sportradar Group in the 3rd quarter valued at about $150,000. Wilson Asset Management International PTY Ltd. acquired a new position in Sportradar Group during the third quarter valued at approximately $3,246,000. International Assets Investment Management LLC acquired a new position in shares of Sportradar Group during the 3rd quarter worth approximately $264,000. Finally, nVerses Capital LLC grew its stake in shares of Sportradar Group by 45.5% in the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after buying an additional 2,000 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on SRAD. Morgan Stanley boosted their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and increased their price target for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Finally, Benchmark boosted their price objective on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

Check Out Our Latest Research Report on SRAD

Sportradar Group Price Performance

Shares of SRAD traded up $0.07 during midday trading on Friday, hitting $12.48. The company’s stock had a trading volume of 362,034 shares, compared to its average volume of 474,551. The company’s fifty day simple moving average is $12.11 and its two-hundred day simple moving average is $11.13. Sportradar Group AG has a one year low of $8.21 and a one year high of $13.20. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 138.68, a price-to-earnings-growth ratio of 15.63 and a beta of 2.05. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05.

About Sportradar Group

(Free Report)

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.

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