Guggenheim Begins Coverage on Sportradar Group (NASDAQ:SRAD)

Guggenheim initiated coverage on shares of Sportradar Group (NASDAQ:SRAD - Free Report) in a research report report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $27.00 price objective on the stock.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group boosted their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Thursday, November 7th. JMP Securities reiterated a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Citigroup raised their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group upped their price objective on Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.67.

Remove Ads

Sportradar Group Price Performance

Shares of NASDAQ SRAD traded up $0.48 during mid-day trading on Wednesday, reaching $21.61. The company's stock had a trading volume of 1,059,380 shares, compared to its average volume of 851,810. The stock has a market capitalization of $24.02 billion, a P/E ratio of 108.06, a P/E/G ratio of 1.53 and a beta of 2.21. The stock has a 50-day moving average of $20.06 and a two-hundred day moving average of $15.93. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $22.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Institutional Trading of Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of SRAD. International Assets Investment Management LLC purchased a new stake in Sportradar Group during the third quarter worth about $264,000. GW Henssler & Associates Ltd. purchased a new position in Sportradar Group in the 3rd quarter valued at approximately $150,000. Roubaix Capital LLC purchased a new position in Sportradar Group in the 3rd quarter valued at approximately $4,131,000. Harbor Capital Advisors Inc. purchased a new position in Sportradar Group in the 3rd quarter valued at approximately $2,617,000. Finally, GSA Capital Partners LLP increased its holdings in Sportradar Group by 142.7% during the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company's stock worth $837,000 after purchasing an additional 40,621 shares during the period.

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.