Analysts Set Sportradar Group AG (NASDAQ:SRAD) Price Target at $16.00

Sportradar Group AG (NASDAQ:SRAD) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.00.

Several research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. Morgan Stanley boosted their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Citigroup lifted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Benchmark boosted their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, JMP Securities upgraded shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Wednesday, September 4th.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors have recently made changes to their positions in SRAD. Quarry LP lifted its stake in Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group in the third quarter worth $41,000. nVerses Capital LLC boosted its stake in Sportradar Group by 120.0% during the second 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 during the period. Barclays PLC grew its position in Sportradar Group by 3,098.9% during 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. purchased a new stake in shares of Sportradar Group in the 2nd quarter valued at about $75,000.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $16.62 on Friday. The company has a market capitalization of $18.47 billion, a PE ratio of 83.10, a PEG ratio of 2.12 and a beta of 2.20. 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 stock’s 50 day moving average price is $15.43 and its 200-day moving average price is $12.82. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $18.05.

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.