ArrowMark Colorado Holdings LLC Lowers Holdings in Sportradar Group AG (NASDAQ:SRAD)

ArrowMark Colorado Holdings LLC reduced its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 30.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,130,816 shares of the company’s stock after selling 1,348,351 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Sportradar Group were worth $37,914,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Quarry LP increased its holdings in shares of Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after purchasing an additional 1,754 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Sportradar Group in the third quarter valued at $41,000. nVerses Capital LLC raised its position in shares of Sportradar Group by 120.0% in the second quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock worth $49,000 after acquiring an additional 2,400 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Sportradar Group during the 1st quarter worth about $60,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Sportradar Group during the 2nd quarter valued at about $75,000.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $17.34 on Monday. The company’s 50-day moving average is $13.92 and its two-hundred day moving average is $12.10. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $18.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $19.27 billion, a price-to-earnings ratio of 86.70, a PEG ratio of 2.12 and a beta of 2.05.

Analyst Ratings Changes

SRAD has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Benchmark upped their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley increased their target price on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.00.

About Sportradar Group

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.