Sportradar Group AG (NASDAQ:SRAD) Receives $15.38 Consensus PT from Analysts

Sportradar Group AG (NASDAQ:SRAD) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $15.38.

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Benchmark lifted their price objective on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, JMP Securities upgraded shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 4th.

Hedge Funds Weigh In On Sportradar Group

Institutional investors have recently modified their holdings of the company. Quarry LP increased its position in shares of Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares in the last quarter. nVerses Capital LLC raised its position in Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after buying an additional 2,400 shares during the last quarter. Lazard Asset Management LLC bought a new position in Sportradar Group during the 1st quarter valued at $60,000. Point72 Asset Management L.P. bought a new position in shares of Sportradar Group during the second quarter valued at about $75,000. Finally, GW Henssler & Associates Ltd. bought a new stake in Sportradar Group in the 3rd quarter worth about $150,000.

Sportradar Group Price Performance

Shares of SRAD opened at $12.48 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The stock has a market cap of $13.87 billion, a PE ratio of 138.68, a PEG ratio of 15.63 and a beta of 2.05. Sportradar Group has a 12-month low of $8.21 and a 12-month high of $13.20. The business has a 50-day simple moving average of $12.11 and a two-hundred day simple moving average of $11.13.

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.