Sportradar Group AG (NASDAQ:SRAD) Receives $14.63 Average Price Target from Analysts

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.63.

Several research analysts recently commented on SRAD shares. Jefferies Financial Group raised Sportradar Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. JMP Securities raised Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 target price for the company in a research note on Wednesday, September 4th. Benchmark reaffirmed a "buy" rating and issued a $12.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP boosted its holdings in Sportradar Group by 187.4% during 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 boosted its holdings in Sportradar Group by 120.0% during 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 purchased a new position in Sportradar Group during the 1st quarter valued at about $60,000. Point72 Asset Management L.P. purchased a new position in Sportradar Group during the 2nd quarter valued at about $75,000. Finally, Bayesian Capital Management LP purchased a new position in Sportradar Group during the 1st quarter valued at about $158,000.

Sportradar Group Price Performance

NASDAQ SRAD traded up $0.38 during mid-day trading on Friday, hitting $12.22. The stock had a trading volume of 320,808 shares, compared to its average volume of 490,560. The firm's 50 day moving average is $11.59 and its 200 day moving average is $10.99. Sportradar Group has a twelve month low of $8.08 and a twelve month high of $12.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 135.79, a PEG ratio of 15.02 and a beta of 2.06.

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.