Sportradar Group AG (NASDAQ:SRAD) Given Average Recommendation of “Moderate Buy” by Brokerages

Sportradar Group AG (NASDAQ:SRAD) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.25.

SRAD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $15.00 in a report on Monday, October 21st. Morgan Stanley increased their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark increased their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JMP Securities increased their price target on shares of Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Monday, January 6th.

Hedge Funds Weigh In On Sportradar Group

Several hedge funds have recently added to or reduced their stakes in the business. Aurora Investment Counsel increased its holdings in Sportradar Group by 0.4% during the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after acquiring an additional 706 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. Quarry LP boosted its stake in shares of Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Sportradar Group by 45.5% during 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 during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Sportradar Group during the 3rd quarter worth about $41,000.

Sportradar Group Stock Performance

Shares of SRAD opened at $20.04 on Tuesday. The company has a 50-day simple moving average of $17.61 and a 200-day simple moving average of $13.83. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $22.27 billion, a PE ratio of 100.21, a P/E/G ratio of 1.47 and a beta of 2.18. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $20.90.

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.