Sportradar Group AG (NASDAQ:SRAD) Given Average Rating of "Moderate Buy" by Brokerages

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.67.

Several research analysts have issued reports on SRAD shares. JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Benchmark boosted their target price on Sportradar Group from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Guggenheim started coverage on Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 target price for the company. Canaccord Genuity Group boosted their target price on Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their target price on Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th.

Sportradar Group Trading Down 1.5 %

Shares of NASDAQ:SRAD traded down $0.31 during trading hours on Wednesday, hitting $20.28. 1,285,186 shares of the company's stock traded hands, compared to its average volume of 573,074. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $22.94. The business has a fifty day moving average price of $20.46 and a 200-day moving average price of $16.29. The firm has a market capitalization of $22.54 billion, a P/E ratio of 101.41, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

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Hedge Funds Weigh In On Sportradar Group

A number of large investors have recently bought and sold shares of SRAD. International Assets Investment Management LLC bought a new position in Sportradar Group in the third quarter worth approximately $264,000. Harbor Capital Advisors Inc. bought a new position in Sportradar Group in the third quarter worth approximately $2,617,000. GSA Capital Partners LLP raised its stake in Sportradar Group by 142.7% in the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company's stock worth $837,000 after buying an additional 40,621 shares in the last quarter. Aurora Investment Counsel raised its stake in Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock worth $2,186,000 after buying an additional 706 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Sportradar Group in the third quarter worth approximately $406,000.

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.