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

Sportradar Group AG (NASDAQ:SRAD) has received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $31.4737.

Several brokerages have recently issued reports on SRAD. Guggenheim upped their price objective on Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. UBS Group reduced their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. Stifel Nicolaus assumed coverage on shares of Sportradar Group in a research report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Citizens Jmp decreased their target price on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, January 5th.

Sportradar Group Price Performance

SRAD stock opened at $16.84 on Wednesday. Sportradar Group has a 1 year low of $15.73 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50 day moving average price is $20.30 and its 200 day moving average price is $24.59. The firm has a market cap of $5.04 billion, a P/E ratio of 52.63 and a beta of 2.01.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its position in Sportradar Group by 39.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after purchasing an additional 1,721,495 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new position in Sportradar Group during the second quarter valued at approximately $1,404,000. Greenhouse Funds LLLP grew its stake in Sportradar Group by 1.6% during the second quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after buying an additional 129,276 shares during the period. TD Asset Management Inc increased its position in shares of Sportradar Group by 369.0% in the second quarter. TD Asset Management Inc now owns 82,094 shares of the company’s stock worth $2,305,000 after acquiring an additional 64,590 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Sportradar Group by 200.0% in the second quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock worth $2,060,000 after acquiring an additional 49,272 shares in the last quarter.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.