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

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $17.25.

A number of research firms have weighed in on SRAD. Jefferies Financial Group boosted their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Benchmark boosted their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup upped their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.00 to $15.00 in a research note on Monday, October 21st.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Greenhouse Funds LLLP raised its holdings in shares of Sportradar Group by 2.0% in the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock valued at $170,868,000 after buying an additional 193,962 shares during the period. Janus Henderson Group PLC increased its holdings in Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after purchasing an additional 463,441 shares during the period. Unisphere Establishment purchased a new stake in Sportradar Group during the 4th quarter worth about $51,596,000. Arrowstreet Capital Limited Partnership increased its holdings in Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after purchasing an additional 454,826 shares during the period. Finally, Portolan Capital Management LLC purchased a new stake in Sportradar Group during the 3rd quarter worth about $12,061,000.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $22.22 on Friday. The stock’s fifty day moving average is $19.14 and its two-hundred day moving average is $15.18. The firm has a market capitalization of $24.70 billion, a P/E ratio of 111.11, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a fifty-two week low of $9.17 and a fifty-two week high of $22.50.

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.