Sportradar Group AG (NASDAQ:SRAD) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.00.

A number of research firms have issued reports on SRAD. Benchmark boosted 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. Citigroup boosted their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday. Canaccord Genuity Group restated a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised shares of Sportradar Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, Morgan Stanley increased their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd.

Sportradar Group Trading Down 0.5 %

NASDAQ:SRAD traded down $0.08 during trading hours on Monday, reaching $17.65. 1,007,852 shares of the company were exchanged, compared to its average volume of 445,636. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of 88.25, a PEG ratio of 2.37 and a beta of 2.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a 50 day simple moving average of $13.40 and a 200 day simple moving average of $11.83. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $18.05.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Sportradar Group in the 1st quarter valued at approximately $263,000. Quadrature Capital Ltd bought a new position in Sportradar Group during the 1st quarter valued at $515,000. Lazard Asset Management LLC acquired a new position in Sportradar Group during the 1st quarter worth $60,000. Silvercrest Asset Management Group LLC increased its position in shares of Sportradar Group by 23.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company's stock worth $295,000 after purchasing an additional 4,789 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Sportradar Group in the 1st quarter valued at about $158,000.

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.