Cambiar Investors LLC Takes $10.84 Million Position in Sportradar Group AG (NASDAQ:SRAD)

Cambiar Investors LLC acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 624,983 shares of the company’s stock, valued at approximately $10,837,000. Cambiar Investors LLC owned approximately 0.06% of Sportradar Group as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after buying an additional 28,878 shares during the last quarter. Jane Street Group LLC bought a new stake in Sportradar Group during the 3rd quarter valued at $479,000. GSA Capital Partners LLP raised its holdings in Sportradar Group by 142.7% during the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after buying an additional 40,621 shares during the last quarter. Moody National Bank Trust Division raised its holdings in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after buying an additional 61,105 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Sportradar Group during the 4th quarter valued at $415,000.

Analysts Set New Price Targets

SRAD has been the subject of several research reports. Jefferies Financial Group upped their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley upped their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. Citigroup upped their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Benchmark upped their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Sportradar Group Stock Down 1.3 %

NASDAQ:SRAD opened at $21.39 on Tuesday. The firm’s 50-day moving average price is $18.79 and its 200-day moving average price is $14.94. The company has a market capitalization of $23.77 billion, a PE ratio of 106.96, a P/E/G ratio of 1.49 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $22.50.

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.