Sportradar Group AG (NASDAQ:SRAD) Given Consensus Rating of “Moderate Buy” by Analysts

Sportradar Group AG (NASDAQ:SRAD) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.25.

A number of analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. Citigroup upped their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley raised their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities restated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. M&T Bank Corp bought a new stake in shares of Sportradar Group during the fourth quarter valued at approximately $269,000. Cornerstone Investment Partners LLC bought a new stake in shares of Sportradar Group during the 4th quarter valued at $199,000. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group in the 4th quarter worth about $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group in the 4th quarter worth about $39,000. Finally, Lingotto Investment Management LLP bought a new position in shares of Sportradar Group in the 4th quarter worth about $2,630,000.

Sportradar Group Trading Up 1.2 %

Shares of SRAD stock opened at $21.67 on Friday. The business has a 50-day moving average of $18.63 and a 200 day moving average of $14.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $22.50. The stock has a market capitalization of $24.09 billion, a PE ratio of 108.36, a P/E/G ratio of 1.46 and a beta of 2.20.

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.