State of New Jersey Common Pension Fund D Has $2.88 Million Stock Holdings in Sportradar Group AG $SRAD

State of New Jersey Common Pension Fund D decreased its stake in Sportradar Group AG (NASDAQ:SRAD) by 54.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,925 shares of the company’s stock after selling 125,509 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sportradar Group were worth $2,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares in the last quarter. TD Private Client Wealth LLC increased its position in Sportradar Group by 113.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock worth $91,000 after purchasing an additional 1,795 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Sportradar Group by 29.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after purchasing an additional 801 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Sportradar Group by 33.1% during the 2nd quarter. Huntington National Bank now owns 3,946 shares of the company’s stock valued at $111,000 after buying an additional 982 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Sportradar Group by 2,163.3% in the 2nd quarter. Assetmark Inc. now owns 4,753 shares of the company’s stock valued at $133,000 after buying an additional 4,543 shares in the last quarter.

Sportradar Group Price Performance

NASDAQ SRAD opened at $17.76 on Friday. Sportradar Group AG has a 1 year low of $15.73 and a 1 year high of $32.22. The company has a fifty day simple moving average of $19.97 and a 200 day simple moving average of $24.41. 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 company has a market cap of $5.32 billion, a P/E ratio of 55.50 and a beta of 2.01.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SRAD shares. UBS Group cut their price objective on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Wells Fargo & Company cut their price target 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 objective on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.47.

Sportradar Group Profile

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.