Brokerages Set Sportradar Group AG (NASDAQ:SRAD) PT at $16.00

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

Several analysts recently commented on SRAD shares. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. Morgan Stanley raised their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research note 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 research note on Wednesday, September 4th. Finally, Benchmark raised their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Sportradar Group Stock Up 0.4 %

NASDAQ:SRAD opened at $17.13 on Monday. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $18.05. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $19.04 billion, a P/E ratio of 86.30, a P/E/G ratio of 2.16 and a beta of 2.05. The stock’s fifty day simple moving average is $13.61 and its 200-day simple moving average is $11.95.

Institutional Trading of Sportradar Group

Several hedge funds and other institutional investors have recently modified their holdings of SRAD. Portolan Capital Management LLC acquired a new stake in shares of Sportradar Group in the third quarter valued at about $12,061,000. Millennium Management LLC increased its position in shares of Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after acquiring an additional 935,909 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Sportradar Group in the second quarter valued at about $8,392,000. Janus Henderson Group PLC increased its position in shares of Sportradar Group by 14.9% in the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after acquiring an additional 463,441 shares during the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of Sportradar Group in the third quarter valued at about $4,131,000.

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.