Sportradar Group’s (SRAD) Buy Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of Sportradar Group (NASDAQ:SRAD) in a research report released on Thursday, Benzinga reports. The firm currently has a $14.00 price objective on the stock.

Several other research firms have also weighed in on SRAD. Morgan Stanley increased their target price on Sportradar Group from $11.50 to $12.50 and gave the company an equal weight rating in a research note on Friday, July 14th. Needham & Company LLC lifted their price objective on shares of Sportradar Group from $14.00 to $15.00 and gave the stock a buy rating in a research note on Thursday, August 10th. Bank of America upped their target price on shares of Sportradar Group from $10.00 to $11.50 in a research note on Tuesday, May 16th. TheStreet raised shares of Sportradar Group from a d+ rating to a c rating in a research report on Thursday, August 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Sportradar Group from $13.00 to $14.00 and gave the company a buy rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sportradar Group has an average rating of Hold and a consensus price target of $14.00.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $11.52 on Thursday. The firm has a fifty day moving average of $13.30 and a two-hundred day moving average of $12.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of -288.00 and a beta of 1.94. Sportradar Group has a 52 week low of $7.84 and a 52 week high of $15.56.

Hedge Funds Weigh In On Sportradar Group

Large investors have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of Sportradar Group during the second quarter worth about $30,000. Tower Research Capital LLC TRC boosted its position in Sportradar Group by 122.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,852 shares of the company’s stock worth $37,000 after acquiring an additional 1,570 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Sportradar Group during the 4th quarter worth approximately $57,000. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $64,000. Finally, Fortis Advisors LLC bought a new stake in shares of Sportradar Group in the fourth quarter worth $80,000. Institutional investors own 14.93% of the company’s stock.

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.