Shares of Sportradar Group AG (NASDAQ:SRAD – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.00 and last traded at $13.00, with a volume of 3685 shares. The stock had previously closed at $12.39.
Analyst Upgrades and Downgrades
Several research firms recently commented on SRAD. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $15.00 in a research note on Monday. Morgan Stanley raised their target price on shares of Sportradar Group from $11.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.25.
Get Our Latest Research Report on Sportradar Group
Sportradar Group Trading Up 4.9 %
Hedge Funds Weigh In On Sportradar Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC increased its holdings in Sportradar Group by 45.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after purchasing an additional 2,000 shares in the last quarter. Shaker Investments LLC OH purchased a new stake in shares of Sportradar Group in the third quarter worth about $262,000. Aurora Investment Counsel grew its stake in shares of Sportradar Group by 10.7% in the second quarter. Aurora Investment Counsel now owns 179,838 shares of the company’s stock valued at $2,011,000 after buying an additional 17,322 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Sportradar Group during the 2nd quarter valued at about $75,000. Finally, Quarry LP lifted its position in Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares in the last quarter.
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.
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