Sportradar Group AG (NASDAQ:SRAD) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.38.

Several equities research analysts have commented on the stock. JMP Securities boosted their target price on shares of Sportradar Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Sportradar Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $12.00 to $15.00 in a report on Monday, October 21st. Needham & Company LLC reissued a "buy" rating and set a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Morgan Stanley raised their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently modified their holdings of SRAD. Aurora Investment Counsel increased its stake in shares of Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock valued at $2,186,000 after buying an additional 706 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after purchasing an additional 1,272 shares during the period. Quarry LP increased its holdings in Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company's stock valued at $30,000 after purchasing an additional 1,754 shares during the last quarter. nVerses Capital LLC lifted its stake in Sportradar Group by 45.5% in the third quarter. nVerses Capital LLC now owns 6,400 shares of the company's stock valued at $78,000 after buying an additional 2,000 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Sportradar Group in the 3rd quarter valued at approximately $41,000.

Sportradar Group Stock Performance

Shares of SRAD traded up $0.95 during mid-day trading on Tuesday, reaching $19.66. 708,806 shares of the company's stock were exchanged, compared to its average volume of 1,065,298. The stock has a market capitalization of $21.85 billion, a PE ratio of 98.30, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. The business's fifty day simple moving average is $17.13 and its 200-day simple moving average is $13.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $19.75.

Sportradar Group Company Profile

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.