Sportradar Group AG (NASDAQ:SRAD) Receives Average Rating of “Moderate Buy” from Brokerages

Sportradar Group AG (NASDAQ:SRAD) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.00.

A number of equities research analysts have weighed in on the stock. Morgan Stanley raised their price objective 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. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Benchmark boosted their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. Finally, Citigroup upped their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Sportradar Group Trading Up 2.0 %

Shares of Sportradar Group stock opened at $17.29 on Friday. The business has a fifty day simple moving average of $15.71 and a 200-day simple moving average of $12.94. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 86.45, a price-to-earnings-growth ratio of 2.12 and a beta of 2.20. Sportradar Group has a fifty-two week low of $9.17 and a fifty-two week high of $18.05. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Trading of Sportradar Group

A number of institutional investors have recently added to or reduced their stakes in SRAD. Aurora Investment Counsel lifted its position in shares of Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock worth $2,186,000 after buying an additional 706 shares during the last quarter. Quarry LP lifted its holdings in shares of Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after buying an additional 1,754 shares during the last quarter. nVerses Capital LLC increased its position in Sportradar Group by 45.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after acquiring an additional 2,000 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group during the third quarter valued at about $41,000. Finally, Barclays PLC raised its holdings in Sportradar Group by 3,098.9% in the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after acquiring an additional 5,733 shares in the last quarter.

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.