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

Shares of Sportradar Group AG (NASDAQ:SRAD) have received an average rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.81.

A number of equities analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, May 16th. Morgan Stanley increased their price target on Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Jefferies Financial Group increased their price target on Sportradar Group from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Benchmark reiterated a “buy” rating and set a $12.00 price target on shares of Sportradar Group in a research report on Thursday, May 16th. Finally, Citigroup increased their price target on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds have recently made changes to their positions in the company. 12 West Capital Management LP increased its holdings in shares of Sportradar Group by 33.4% in the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock valued at $36,419,000 after purchasing an additional 909,933 shares during the last quarter. Aurora Investment Counsel acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $1,372,000. Roubaix Capital LLC increased its holdings in shares of Sportradar Group by 47.1% in the fourth quarter. Roubaix Capital LLC now owns 356,795 shares of the company’s stock valued at $3,943,000 after purchasing an additional 114,238 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Sportradar Group in the first quarter valued at approximately $515,000. Finally, Jump Financial LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $302,000.

Sportradar Group Stock Down 0.6 %

Shares of SRAD opened at $11.00 on Friday. Sportradar Group has a 52 week low of $8.08 and a 52 week high of $15.56. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 122.24 and a beta of 2.05. The stock’s 50-day moving average price is $10.30 and its 200-day moving average price is $10.53.

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.