Sportradar Group AG (NASDAQ:SRAD) Receives $13.88 Consensus Target Price from Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.88.

SRAD has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research note on Thursday, May 16th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Morgan Stanley lifted their price objective on Sportradar Group from $11.50 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, July 12th. Benchmark reissued a “buy” rating and issued a $12.00 target price on shares of Sportradar Group in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. began coverage on Sportradar Group in a research note on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 price target on the stock.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD opened at $11.05 on Tuesday. The stock’s 50-day moving average is $10.89 and its 200 day moving average is $10.55. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 122.74 and a beta of 2.05. Sportradar Group has a 1-year low of $8.08 and a 1-year high of $15.06. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SRAD. AM Investment Strategies LLC increased its position in Sportradar Group by 31.1% during the 2nd quarter. AM Investment Strategies LLC now owns 465,540 shares of the company’s stock valued at $5,205,000 after purchasing an additional 110,520 shares during the period. Aurora Investment Counsel boosted its stake in shares of Sportradar Group by 30.9% during the 1st quarter. Aurora Investment Counsel now owns 162,516 shares of the company’s stock valued at $1,892,000 after purchasing an additional 38,397 shares in the last quarter. Adalta Capital Management LLC increased its position in shares of Sportradar Group by 69.3% during the first quarter. Adalta Capital Management LLC now owns 16,925 shares of the company’s stock valued at $197,000 after buying an additional 6,925 shares during the period. Bayesian Capital Management LP bought a new position in Sportradar Group in the first quarter worth about $158,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in Sportradar Group by 23.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock worth $295,000 after buying an additional 4,789 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.