Analysts Set Sportradar Group AG (NASDAQ:SRAD) PT at $17.25

Sportradar Group AG (NASDAQ:SRAD) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.25.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Citigroup increased their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley lifted their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Finally, Benchmark lifted their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Sportradar Group Price Performance

Shares of SRAD stock opened at $21.39 on Friday. The firm has a fifty day simple moving average of $18.79 and a 200-day simple moving average of $14.94. The company has a market capitalization of $23.77 billion, a PE ratio of 106.96, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $22.50. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Trading of Sportradar Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the 4th quarter valued at approximately $28,000. US Bancorp DE bought a new stake in Sportradar Group in the fourth quarter valued at $39,000. R Squared Ltd acquired a new position in shares of Sportradar Group during the fourth quarter valued at $44,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Sportradar Group in the 3rd quarter worth about $41,000.

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.