Analysts Set Sportradar Group AG (NASDAQ:SRAD) PT at $17.25

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.25.

A number of research analysts have commented on SRAD shares. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. Citigroup upped their price target on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Jefferies Financial Group upped their price target on Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Benchmark upped their price target on Sportradar Group from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Morgan Stanley upped their price target on Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group in the 4th quarter worth approximately $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group in the 4th quarter worth approximately $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group in the 3rd quarter worth approximately $41,000. R Squared Ltd purchased a new stake in shares of Sportradar Group in the 4th quarter worth approximately $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after buying an additional 1,272 shares during the last quarter.

Sportradar Group Trading Down 0.6 %

Shares of NASDAQ SRAD traded down $0.13 during midday trading on Friday, reaching $21.26. The company had a trading volume of 559,440 shares, compared to its average volume of 894,946. Sportradar Group has a one year low of $9.17 and a one year high of $22.50. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm's fifty day moving average price is $18.87 and its 200-day moving average price is $15.01. The stock has a market cap of $23.63 billion, a PE ratio of 106.31, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21.

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.