Brokerages Set Sportradar Group AG (NASDAQ:SRAD) PT at $17.25

Shares of Sportradar Group AG (NASDAQ:SRAD) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.25.

A number of research analysts have recently commented 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 report on Wednesday, January 15th. Benchmark increased their price objective on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. Morgan Stanley increased their price objective on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Citigroup increased their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st.

Institutional Trading of Sportradar Group

A number of large investors have recently made changes to their positions in the company. Unisphere Establishment acquired a new stake in Sportradar Group during the 4th quarter worth approximately $51,596,000. Tudor Investment Corp ET AL lifted its position in Sportradar Group by 1.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 301,511 shares of the company’s stock worth $5,228,000 after acquiring an additional 2,913 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Sportradar Group during the 4th quarter worth approximately $192,000. Oberweis Asset Management Inc. acquired a new stake in Sportradar Group during the 4th quarter worth approximately $12,639,000. Finally, Penn Capital Management Company LLC acquired a new stake in Sportradar Group during the 4th quarter worth approximately $14,029,000.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $22.22 on Friday. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $22.50. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 111.11, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s 50-day moving average is $19.14 and its two-hundred day moving average is $15.18.

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.