Sportradar Group AG (NASDAQ:SRAD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $15.38.

Several brokerages have recently weighed in on SRAD. Morgan Stanley boosted their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. Benchmark raised their price objective on shares of Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. Finally, JMP Securities upgraded Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 4th.

Institutional Investors Weigh In On Sportradar Group

A number of large investors have recently modified their holdings of the company. Quarry LP lifted its holdings in Sportradar Group by 187.4% during the 2nd 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 boosted its holdings in Sportradar Group by 120.0% in the second quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after purchasing an additional 2,400 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Sportradar Group in the first quarter valued at approximately $60,000. Point72 Asset Management L.P. acquired a new stake in Sportradar Group during the second quarter worth approximately $75,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Sportradar Group during the 3rd quarter worth approximately $150,000.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $12.65 on Thursday. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $13.20. The company has a market cap of $14.06 billion, a P/E ratio of 140.57, a P/E/G ratio of 15.50 and a beta of 2.05. 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 company’s 50-day moving average price is $12.15 and its 200-day moving average price is $11.20.

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.