Sportradar Group’s (SRAD) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Sportradar Group (NASDAQ:SRAD) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $16.00 target price on the stock.

Several other brokerages have also recently weighed in on SRAD. Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $16.00 in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $15.00 in a research note on Monday, October 21st. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Wednesday, September 4th. Morgan Stanley increased their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.63.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $15.86 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $17.63 billion, a PE ratio of 79.30, a PEG ratio of 19.97 and a beta of 2.05. The firm has a 50 day moving average of $12.29 and a 200-day moving average of $11.27. Sportradar Group has a 12 month low of $9.17 and a 12 month high of $15.93.

Institutional Trading of Sportradar Group

Hedge funds have recently modified their holdings of the stock. Quarry LP grew its holdings in Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares during the period. nVerses Capital LLC grew its stake in shares of Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after buying an additional 2,400 shares during the period. Lazard Asset Management LLC bought a new stake in Sportradar Group in the 1st quarter valued at about $60,000. Point72 Asset Management L.P. acquired a new position in Sportradar Group during the 2nd quarter worth approximately $75,000. Finally, GW Henssler & Associates Ltd. bought a new position in Sportradar Group in the third quarter worth approximately $150,000.

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.