Sportradar Group (NASDAQ:SRAD) PT Raised to $13.00

Sportradar Group (NASDAQ:SRAD) had its target price increased by Morgan Stanley from $12.00 to $13.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. Benchmark increased their price target on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a report on Wednesday, September 4th. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. Finally, Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

Sportradar Group Stock Down 0.1 %

Shares of NASDAQ:SRAD opened at $12.32 on Tuesday. The company has a market capitalization of $13.69 billion, a PE ratio of 136.90, a price-to-earnings-growth ratio of 15.80 and a beta of 2.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. The business has a fifty day moving average price of $12.01 and a two-hundred day moving average price of $11.08. Sportradar Group has a 1 year low of $8.08 and a 1 year high of $13.20.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SRAD. Roubaix Capital LLC purchased a new stake in shares of Sportradar Group during the third quarter worth about $4,131,000. GW Henssler & Associates Ltd. bought a new position in Sportradar Group during the third quarter valued at approximately $150,000. Wilson Asset Management International PTY Ltd. bought a new position in Sportradar Group during the third quarter valued at approximately $3,246,000. International Assets Investment Management LLC bought a new position in Sportradar Group during the third quarter valued at approximately $264,000. Finally, nVerses Capital LLC boosted its stake in Sportradar Group by 45.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after buying an additional 2,000 shares during the last quarter.

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.