Sportradar Group AG (NASDAQ:SRAD – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.63.
Several research analysts have commented on SRAD shares. Benchmark restated a “buy” rating and set a $12.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. JPMorgan Chase & Co. started coverage on Sportradar Group in a report on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 price objective for the company. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Wednesday, August 14th. Morgan Stanley raised their target price on shares of Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, July 12th. Finally, JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Wednesday, September 4th.
Read Our Latest Stock Report on SRAD
Sportradar Group Price Performance
Hedge Funds Weigh In On Sportradar Group
Several institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP boosted its position in shares of Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares in 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 worth $49,000 after acquiring an additional 2,400 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Sportradar Group during the first quarter worth about $60,000. Point72 Asset Management L.P. acquired a new position in shares of Sportradar Group during the second quarter valued at about $75,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Sportradar Group in the 1st quarter valued at approximately $158,000.
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.
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