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

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.00.

SRAD has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $12.00 to $15.00 in a report on Monday, October 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. Benchmark upped their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. JMP Securities upgraded shares of Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price target for the company in a research note on Wednesday, September 4th. Finally, Citigroup lifted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st.

Sportradar Group Trading Up 0.1 %

NASDAQ SRAD traded up $0.01 on Friday, reaching $16.62. The stock had a trading volume of 640,135 shares, compared to its average volume of 465,090. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $18.05. The stock has a fifty day moving average price of $15.35 and a two-hundred day moving average price of $12.74. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 83.10, a P/E/G ratio of 2.12 and a beta of 2.20. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Trading of Sportradar Group

Several institutional investors and hedge funds have recently made changes to their positions in SRAD. Quarry LP increased its position in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company's stock worth $30,000 after buying an additional 1,754 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group in the 3rd quarter valued at $41,000. nVerses Capital LLC raised its position in Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock valued at $49,000 after purchasing an additional 2,400 shares during the last quarter. Barclays PLC boosted its stake in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company's stock worth $72,000 after purchasing an additional 5,733 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Sportradar Group during the 2nd quarter worth $75,000.

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.