Aurora Investment Counsel Sells 63,769 Shares of Sportradar Group AG (NASDAQ:SRAD)

Aurora Investment Counsel decreased its stake in Sportradar Group AG (NASDAQ:SRAD) by 35.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,775 shares of the company’s stock after selling 63,769 shares during the period. Aurora Investment Counsel’s holdings in Sportradar Group were worth $2,025,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRAD. GSA Capital Partners LLP lifted its stake in Sportradar Group by 142.7% in the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after purchasing an additional 40,621 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Sportradar Group during the third quarter valued at about $406,000. Quantbot Technologies LP bought a new position in Sportradar Group during the third quarter worth about $139,000. Millrace Asset Group Inc. purchased a new position in shares of Sportradar Group in the third quarter worth about $1,278,000. Finally, Walleye Capital LLC bought a new stake in shares of Sportradar Group in the third quarter valued at approximately $651,000.

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $19.61 on Friday. 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 company’s fifty day simple moving average is $20.61 and its two-hundred day simple moving average is $16.49. The firm has a market cap of $21.80 billion, a PE ratio of 98.05, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. Sportradar Group AG has a 12-month low of $9.17 and a 12-month high of $22.94.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Canaccord Genuity Group lifted their price objective on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Guggenheim initiated coverage on Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price on the stock. Citigroup boosted their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, JMP Securities reissued a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $19.67.

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.