Sportradar Group AG (NASDAQ:SRAD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Sportradar Group AG (NASDAQ:SRAD) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.81.

A number of research analysts recently issued reports on SRAD shares. Citigroup raised their target price on shares of Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Jefferies Financial Group boosted their price objective on Sportradar Group from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a report on Thursday, May 16th. Morgan Stanley lifted 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. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, March 21st.

Institutional Investors Weigh In On Sportradar Group

A number of large investors have recently bought and sold shares of the business. Roubaix Capital LLC boosted its stake in Sportradar Group by 47.1% in the fourth quarter. Roubaix Capital LLC now owns 356,795 shares of the company’s stock worth $3,943,000 after purchasing an additional 114,238 shares in the last quarter. 12 West Capital Management LP lifted its position in Sportradar Group by 33.4% during the 3rd quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock worth $36,419,000 after buying an additional 909,933 shares in the last quarter. Jump Financial LLC acquired a new position in Sportradar Group during the 4th quarter worth about $302,000. Mendota Financial Group LLC bought a new stake in Sportradar Group during the 4th quarter worth about $138,000. Finally, Fifth Third Bancorp increased its position in Sportradar Group by 11.1% in the 4th quarter. Fifth Third Bancorp now owns 22,005 shares of the company’s stock valued at $243,000 after acquiring an additional 2,201 shares in the last quarter.

Sportradar Group Stock Up 2.1 %

Shares of Sportradar Group stock opened at $11.23 on Friday. Sportradar Group has a 12-month low of $8.08 and a 12-month high of $15.56. The stock has a market capitalization of $12.48 billion, a P/E ratio of 124.79 and a beta of 2.05. 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 stock has a 50 day moving average price of $10.37 and a two-hundred day moving average price of $10.54.

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.