Brokerages Set Sportradar Group AG (NASDAQ:SRAD) Target Price at $14.63

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.63.

SRAD has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $12.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Sportradar Group in a report on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. Morgan Stanley raised their target price on shares of Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, July 12th. Finally, Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jump Financial LLC bought a new stake in shares of Sportradar Group during the fourth quarter worth about $302,000. Lazard Asset Management LLC acquired a new position in shares of Sportradar Group during the first quarter worth approximately $60,000. Quadrature Capital Ltd purchased a new stake in Sportradar Group in the 1st quarter valued at $515,000. Acadian Asset Management LLC purchased a new stake in Sportradar Group in the 1st quarter valued at $263,000. Finally, Bayesian Capital Management LP purchased a new stake in Sportradar Group in the 1st quarter valued at $158,000.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD opened at $12.01 on Wednesday. The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 133.44, a P/E/G ratio of 14.62 and a beta of 2.06. The firm’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $10.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. Sportradar Group has a fifty-two week low of $8.08 and a fifty-two week high of $12.62.

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.