Sportradar Group (NASDAQ:SRAD) Trading 3.4% Higher

Sportradar Group AG (NASDAQ:SRAD) was up 3.4% on Wednesday . The stock traded as high as $11.63 and last traded at $10.92. Approximately 104,011 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 362,922 shares. The stock had previously closed at $10.56.

Analysts Set New Price Targets

SRAD has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a report on Friday, July 12th. JPMorgan Chase & Co. initiated coverage on shares of Sportradar Group in a research note on Tuesday, June 18th. They set a “neutral” rating and a $12.00 target price for the company. Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.00 to $16.00 in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Wednesday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.43.

Sportradar Group Trading Up 1.7 %

The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $12.29 billion, a PE ratio of 122.67 and a beta of 2.05. The stock’s 50 day moving average is $11.02 and its two-hundred day moving average is $10.54.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Roubaix Capital LLC lifted its holdings in Sportradar Group by 47.1% during the fourth quarter. Roubaix Capital LLC now owns 356,795 shares of the company’s stock worth $3,943,000 after buying an additional 114,238 shares during the period. Jump Financial LLC bought a new stake in Sportradar Group during the fourth quarter valued at about $302,000. Quadrature Capital Ltd purchased a new position in Sportradar Group in the first quarter valued at about $515,000. Lazard Asset Management LLC bought a new position in Sportradar Group in the first quarter worth about $60,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Sportradar Group during the first quarter valued at about $263,000.

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.