Sportradar Group (NASDAQ:SRAD) Shares Gap Up to $11.76

Sportradar Group AG (NASDAQ:SRAD – Get Rating)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $11.76, but opened at $12.00. Sportradar Group shares last traded at $10.45, with a volume of 81,167 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SRAD shares. JPMorgan Chase & Co. decreased their target price on Sportradar Group from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday. TheStreet raised Sportradar Group from a “d+” rating to a “c-” rating in a report on Wednesday, January 25th. Morgan Stanley decreased their price target on Sportradar Group from $11.50 to $11.00 and set an “equal weight” rating for the company in a report on Thursday. Jefferies Financial Group lifted their price target on Sportradar Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday. Finally, UBS Group lifted their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, November 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Sportradar Group Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.06 and a quick ratio of 2.06. The company has a fifty day moving average price of $11.90 and a two-hundred day moving average price of $10.59.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in Sportradar Group in the 4th quarter valued at about $85,000. Lazard Asset Management LLC acquired a new position in Sportradar Group in the 4th quarter valued at about $64,000. Virtu Financial LLC acquired a new position in Sportradar Group in the 4th quarter valued at about $176,000. Toroso Investments LLC increased its position in Sportradar Group by 34.1% in the 4th quarter. Toroso Investments LLC now owns 17,861 shares of the company’s stock valued at $178,000 after acquiring an additional 4,539 shares during the period. Finally, Millennium Management LLC increased its position in Sportradar Group by 46.1% in the 4th quarter. Millennium Management LLC now owns 845,451 shares of the company’s stock valued at $8,421,000 after acquiring an additional 266,888 shares during the period. Institutional investors and hedge funds own 15.07% of the company’s stock.

Sportradar Group Company Profile

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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.