Brokerages Set Sportradar Group AG (NASDAQ:SRAD) Target Price at $19.67

Shares of Sportradar Group AG (NASDAQ:SRAD) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.67.

A number of analysts have commented on SRAD shares. Jefferies Financial Group boosted their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Canaccord Genuity Group increased their price target on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Guggenheim initiated coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price objective on the stock. Benchmark increased their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Citigroup boosted their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Greenhouse Funds LLLP increased its position in shares of Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock valued at $170,868,000 after acquiring an additional 193,962 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after purchasing an additional 463,441 shares in the last quarter. Unisphere Establishment purchased a new stake in shares of Sportradar Group during the fourth quarter valued at $51,596,000. Granahan Investment Management LLC boosted its position in shares of Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after buying an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Sportradar Group by 47.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after buying an additional 454,826 shares in the last quarter.

Sportradar Group Stock Down 1.5 %

Shares of NASDAQ SRAD opened at $20.28 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company has a 50-day moving average price of $20.40 and a 200-day moving average price of $16.22. The stock has a market capitalization of $22.54 billion, a P/E ratio of 101.41, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $22.94.

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.