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

Sportradar Group AG (NASDAQ:SRAD) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.00.

Several equities research analysts have commented on SRAD shares. Morgan Stanley increased their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. JMP Securities upgraded Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Wednesday, September 4th. Benchmark upped their price objective on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Citigroup raised their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $12.00 to $15.00 in a report on Monday, October 21st.

Sportradar Group Stock Down 0.9 %

Sportradar Group stock opened at $16.95 on Friday. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 84.75, a price-to-earnings-growth ratio of 2.12 and a beta of 2.20. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $18.05. The firm’s fifty day moving average price is $15.62 and its two-hundred day moving average price is $12.91.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors have recently made changes to their positions in the business. Aurora Investment Counsel lifted its position in Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after purchasing an additional 706 shares during the last quarter. Quarry LP raised its holdings in Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after buying an additional 1,754 shares during the last quarter. nVerses Capital LLC boosted its position in Sportradar Group by 45.5% during the 3rd 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 period. Point72 Hong Kong Ltd bought a new stake in Sportradar Group in the 3rd quarter worth $41,000. Finally, Barclays PLC increased its position in shares of Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after acquiring an additional 5,733 shares during the period.

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.