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

Sportradar Group AG (NASDAQ:SRAD) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned 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 $14.63.

Several research firms recently weighed in on SRAD. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. Benchmark reissued a “buy” rating and set a $12.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Wednesday, September 4th. Finally, Morgan Stanley raised their target price on Sportradar Group from $11.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Quarry LP increased its position 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 buying an additional 1,754 shares in the last quarter. nVerses Capital LLC increased its position in Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after buying an additional 2,400 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in Sportradar Group by 23.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock valued at $295,000 after buying an additional 4,789 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Sportradar Group in the 1st quarter valued at about $60,000. Finally, Point72 Asset Management L.P. bought a new stake in Sportradar Group in the 2nd quarter valued at about $75,000.

Sportradar Group Trading Up 3.2 %

Shares of SRAD stock opened at $12.22 on Friday. The stock’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $10.99. The company has a market cap of $13.58 billion, a PE ratio of 135.79, a P/E/G ratio of 15.02 and a beta of 2.06. Sportradar Group has a fifty-two week low of $8.08 and a fifty-two week high of $12.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54.

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.