Sportradar Group AG (NASDAQ:SRAD) Receives $16.00 Consensus Target Price from Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.00.

A number of research firms recently weighed in on SRAD. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $12.00 to $15.00 in a report on Monday, October 21st. Morgan Stanley raised their target price on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Thursday, November 7th. Benchmark raised their price objective on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Citigroup upped their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in shares of Sportradar Group by 142.7% in 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 last quarter. Millennium Management LLC boosted its stake in Sportradar Group by 133.7% during the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after purchasing an additional 935,909 shares during the period. Renaissance Technologies LLC increased its stake in shares of Sportradar Group by 65.3% in the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after purchasing an additional 135,800 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Sportradar Group during the third quarter valued at approximately $2,617,000. Finally, Roubaix Capital LLC acquired a new position in shares of Sportradar Group during the third quarter worth approximately $4,131,000.

Sportradar Group Stock Up 2.0 %

Shares of NASDAQ:SRAD opened at $17.29 on Friday. The company has a 50 day moving average of $15.71 and a two-hundred day moving average of $12.94. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $18.05. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 86.45, a price-to-earnings-growth ratio of 2.12 and a beta of 2.20.

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.