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

Sportradar Group AG (NASDAQ:SRAD) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.38.

A number of equities analysts have weighed in on the company. Citigroup boosted their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JMP Securities boosted their price objective on Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Morgan Stanley boosted their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Finally, Benchmark boosted their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its stake in Sportradar Group by 142.7% during the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock worth $837,000 after purchasing an additional 40,621 shares during the last quarter. Jane Street Group LLC bought a new stake in Sportradar Group during the third quarter worth $479,000. Millennium Management LLC lifted its stake in Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after purchasing an additional 935,909 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock worth $3,843,000 after purchasing an additional 135,800 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Sportradar Group during the third quarter worth $2,617,000.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $18.70 on Tuesday. The business’s 50 day moving average price is $17.00 and its two-hundred day moving average price is $13.54. The company has a market cap of $20.78 billion, a PE ratio of 93.50, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $19.22.

Sportradar Group Company Profile

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.