Sportradar Group AG $SRAD Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 560.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 542,094 shares of the company’s stock after acquiring an additional 460,000 shares during the quarter. TD Asset Management Inc owned 0.18% of Sportradar Group worth $14,582,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SRAD. Greenhouse Funds LLLP lifted its stake in shares of Sportradar Group by 1.6% in the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock valued at $223,844,000 after purchasing an additional 129,276 shares during the period. Massachusetts Financial Services Co. MA grew its position in Sportradar Group by 39.3% during 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 buying an additional 1,721,495 shares during the period. Invesco Ltd. increased its holdings in Sportradar Group by 536.7% in the second quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock valued at $83,477,000 after buying an additional 2,505,890 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Sportradar Group by 76.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock worth $77,668,000 after acquiring an additional 1,196,197 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Sportradar Group by 18.6% during the 3rd quarter. Voya Investment Management LLC now owns 1,548,353 shares of the company’s stock worth $41,651,000 after acquiring an additional 242,699 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group lowered their price target on Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Guggenheim boosted their price target on shares of Sportradar Group from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Wells Fargo & Company decreased their price objective on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Citizens Jmp reduced their price target on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research report on Monday, January 5th. Finally, Stifel Nicolaus began coverage on Sportradar Group in a report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average target price of $31.47.

Sportradar Group Stock Down 0.8%

SRAD stock opened at $18.26 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $19.48 and a two-hundred day moving average of $23.97. Sportradar Group AG has a 12 month low of $15.73 and a 12 month high of $32.22. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 57.06 and a beta of 2.00.

About Sportradar Group

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.