Sportradar Group AG (NASDAQ:SRAD) Receives $17.25 Average Target Price from Analysts

Sportradar Group AG (NASDAQ:SRAD) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.25.

A number of analysts recently issued reports on SRAD shares. JMP Securities restated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Jefferies Financial Group increased their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Morgan Stanley raised their price target 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. Finally, Benchmark upped their price objective 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after acquiring an additional 28,878 shares during the period. Jane Street Group LLC acquired a new stake in Sportradar Group in the 3rd quarter valued at $479,000. GSA Capital Partners LLP raised its position in Sportradar Group by 142.7% in the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after purchasing an additional 40,621 shares during the period. Moody National Bank Trust Division lifted its stake in shares of Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after purchasing an additional 61,105 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Sportradar Group in the fourth quarter worth about $415,000.

Sportradar Group Price Performance

Sportradar Group stock opened at $21.39 on Friday. The stock has a market capitalization of $23.77 billion, a P/E ratio of 106.96, a P/E/G ratio of 1.49 and a beta of 2.21. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $22.50. 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 firm’s 50-day moving average is $18.79 and its two-hundred day moving average is $14.94.

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.