Sportradar Group (NASDAQ:SRAD) Price Target Raised to $13.00

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target hoisted by stock analysts at Morgan Stanley from $12.00 to $13.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 3.59% from the company's current price.

SRAD has been the topic of several other reports. JPMorgan Chase & Co. raised 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 research note on Monday. Jefferies Financial Group raised shares of Sportradar Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Wednesday, August 14th. Benchmark raised their price objective on shares of Sportradar Group from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, JMP Securities raised shares of Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price objective on the stock in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus target price of $15.38.

Sportradar Group Price Performance

Sportradar Group stock traded down $0.21 during trading hours on Tuesday, hitting $12.55. 451,294 shares of the stock were exchanged, compared to its average volume of 395,550. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $13.95 billion, a P/E ratio of 138.79, a P/E/G ratio of 15.60 and a beta of 2.06. Sportradar Group has a 12 month low of $8.08 and a 12 month high of $13.20. The business's 50-day moving average is $11.89 and its two-hundred day moving average is $11.05.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRAD. Quarry LP grew its position in shares of Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company's stock valued at $30,000 after acquiring an additional 1,754 shares during the period. nVerses Capital LLC grew its position in shares of 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 acquiring an additional 2,400 shares during the period. Lazard Asset Management LLC bought a new position in shares of Sportradar Group in the 1st quarter valued at about $60,000. Point72 Asset Management L.P. bought a new position in shares of Sportradar Group in the 2nd quarter valued at about $75,000. Finally, Bayesian Capital Management LP bought a new position in shares of Sportradar Group in the 1st quarter valued at about $158,000.

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.