Sportradar Group AG (NASDAQ:SRAD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two 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 brokerages that have updated their coverage on the stock in the last year is $14.88.

A number of brokerages recently commented on SRAD. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Wednesday, August 14th. Benchmark upped their target price on shares of Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday. 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. Finally, JPMorgan Chase & Co. initiated coverage on Sportradar Group in a research report on Tuesday, June 18th. They set a “neutral” rating and a $12.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SRAD. Shaker Investments LLC OH purchased a new stake in shares of Sportradar Group during the 3rd quarter worth approximately $262,000. Aurora Investment Counsel raised its stake in Sportradar Group by 10.7% during the 2nd quarter. Aurora Investment Counsel now owns 179,838 shares of the company’s stock worth $2,011,000 after acquiring an additional 17,322 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Sportradar Group in the second quarter valued at $75,000. Quarry LP boosted its stake in Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of 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.

Sportradar Group Trading Up 2.4 %

SRAD opened at $12.17 on Friday. Sportradar Group has a 52 week low of $8.08 and a 52 week high of $12.97. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $11.68 and a 200-day simple moving average of $11.01. The firm has a market cap of $13.53 billion, a P/E ratio of 135.24, a P/E/G ratio of 15.39 and a beta of 2.06.

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.