Sportradar Group AG (NASDAQ:SRAD) Receives $16.38 Consensus PT from Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.25.

SRAD has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities raised their target price on shares of Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Monday, January 6th. Benchmark upped their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Citigroup raised their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Sportradar Group Stock Up 0.3 %

SRAD opened at $20.00 on Tuesday. The firm’s 50 day simple moving average is $17.53 and its two-hundred day simple moving average is $13.74. The company has a market capitalization of $22.23 billion, a PE ratio of 100.01, a PEG ratio of 1.47 and a beta of 2.18. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $20.90. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Sportradar Group

Hedge funds have recently modified their holdings of the stock. Quarry LP increased its holdings in Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after acquiring an additional 1,754 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Sportradar Group during the third quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. Barclays PLC lifted 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 worth $72,000 after buying an additional 5,733 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Sportradar Group during the second quarter valued at approximately $75,000.

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.