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

TD Asset Management Inc lifted its position in Sportradar Group AG (NASDAQ:SRAD) by 560.3% in the third quarter, HoldingsChannel reports. The firm owned 542,094 shares of the company’s stock after buying an additional 460,000 shares during the period. TD Asset Management Inc’s holdings in Sportradar Group were worth $14,582,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SRAD. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sportradar Group in the 2nd quarter valued at approximately $123,087,000. Invesco Ltd. increased its stake in Sportradar Group by 536.7% during the second quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock worth $83,477,000 after acquiring an additional 2,505,890 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Sportradar Group by 76.2% during 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 last quarter. Soros Fund Management LLC purchased a new stake in Sportradar Group in the second quarter valued at $28,563,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Sportradar Group in the 3rd quarter valued at $21,499,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SRAD. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Stifel Nicolaus assumed coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. Guggenheim lifted their target price on shares of Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, UBS Group decreased their price target on Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.47.

Sportradar Group Price Performance

Sportradar Group stock opened at $18.26 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 52-week low of $15.73 and a 52-week high of $32.22. The firm has a market cap of $5.47 billion, a PE ratio of 57.06 and a beta of 2.00. The company’s 50 day moving average is $19.48 and its two-hundred day moving average is $23.97.

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.