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

Sportradar Group AG (NASDAQ:SRAD) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.00.

A number of research firms recently commented on SRAD. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. Morgan Stanley lifted their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities upgraded Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a report on Wednesday, September 4th. Finally, Benchmark boosted their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On Sportradar Group

Institutional investors have recently made changes to their positions in the company. Quarry LP boosted its stake in shares of Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after buying an additional 1,754 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Sportradar Group in the third quarter valued at approximately $41,000. nVerses Capital LLC boosted its stake in shares of Sportradar Group by 120.0% in 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. Lazard Asset Management LLC bought a new stake in shares of Sportradar Group in the first quarter valued at approximately $60,000. Finally, Barclays PLC raised 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 valued at $72,000 after purchasing an additional 5,733 shares in the last quarter.

Sportradar Group Trading Up 0.4 %

Sportradar Group stock opened at $17.13 on Monday. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $18.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $19.04 billion, a P/E ratio of 86.30, a PEG ratio of 2.16 and a beta of 2.05. The stock has a 50-day simple moving average of $13.61 and a 200 day simple moving average of $11.95.

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.