Sportradar Group (NASDAQ:SRAD) Price Target Increased to $13.00 by Analysts at Morgan Stanley

Sportradar Group (NASDAQ:SRAD) had its target price increased by Morgan Stanley from $12.00 to $13.00 in a report published on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the stock. JMP Securities upgraded shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research report on Wednesday, September 4th. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Wednesday, August 14th. Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and increased their price target for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $12.00 to $15.00 in a research report on Monday. Finally, Benchmark upped their target price on Sportradar Group from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

Sportradar Group Trading Down 1.6 %

Shares of SRAD stock opened at $12.55 on Tuesday. Sportradar Group has a fifty-two week low of $8.08 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s fifty day moving average is $11.93 and its two-hundred day moving average is $11.05. The firm has a market capitalization of $13.95 billion, a P/E ratio of 139.46, a PEG ratio of 15.60 and a beta of 2.06.

Hedge Funds Weigh In On Sportradar Group

Several large investors have recently modified their holdings of SRAD. Millennium Management LLC increased its position in shares of Sportradar Group by 133.7% during the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after purchasing an additional 935,909 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Sportradar Group during the second quarter valued at about $8,392,000. AM Investment Strategies LLC raised its stake in shares of Sportradar Group by 31.1% in the 2nd quarter. AM Investment Strategies LLC now owns 465,540 shares of the company’s stock valued at $5,205,000 after acquiring an additional 110,520 shares during the period. Marshall Wace LLP lifted its holdings in shares of Sportradar Group by 152.8% in the 2nd quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock worth $4,380,000 after acquiring an additional 236,831 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Sportradar Group by 65.3% during the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock worth $3,843,000 after purchasing an additional 135,800 shares during the period.

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.