Analysts Set Sportradar Group AG (NASDAQ:SRAD) Price Target at $15.38

Shares of Sportradar Group AG (NASDAQ:SRAD) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.38.

SRAD has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a report on Wednesday, September 4th. Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. Finally, Morgan Stanley increased their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors have recently added to or reduced their stakes in SRAD. Quarry LP grew 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 buying an additional 1,754 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of Sportradar Group by 45.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after purchasing an additional 2,000 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Sportradar Group by 23.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock valued at $295,000 after purchasing an additional 4,789 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Sportradar Group during the 1st quarter valued at about $60,000. Finally, Point72 Asset Management L.P. bought a new stake in Sportradar Group in the 2nd quarter worth approximately $75,000.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $12.48 on Thursday. The company has a market capitalization of $13.87 billion, a P/E ratio of 138.68, a price-to-earnings-growth ratio of 15.63 and a beta of 2.05. The company’s 50-day moving average is $12.11 and its 200 day moving average is $11.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54. Sportradar Group has a fifty-two week low of $8.21 and a fifty-two week high of $13.20.

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.