Sportradar Group’s (SRAD) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Sportradar Group (NASDAQ:SRAD) in a research report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a $16.00 target price on the stock.

Several other brokerages also recently commented on SRAD. Morgan Stanley increased their price objective 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. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. Benchmark lifted their price objective on shares of Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. JMP Securities upgraded shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average target price of $15.63.

Sportradar Group Trading Up 10.8 %

NASDAQ:SRAD opened at $15.86 on Thursday. Sportradar Group has a one year low of $9.17 and a one year high of $15.93. The company has a market cap of $17.63 billion, a PE ratio of 79.30, a PEG ratio of 19.97 and a beta of 2.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50-day moving average of $12.29 and a 200-day moving average of $11.27.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds have recently made changes to their positions in SRAD. Aurora Investment Counsel grew its position in Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after buying an additional 706 shares during the period. Quarry LP grew its position in shares of Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after acquiring an additional 1,754 shares during the period. nVerses Capital LLC increased its stake in shares of Sportradar Group by 45.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after purchasing an additional 2,000 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Sportradar Group by 23.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock worth $295,000 after purchasing an additional 4,789 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Sportradar Group in the 1st quarter worth approximately $60,000.

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.