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 report published on Wednesday morning, Benzinga reports. The firm currently has a $16.00 price target on the stock.

A number of other analysts have also commented on the stock. Benchmark reissued a buy rating and issued a $12.00 price objective on shares of Sportradar Group in a research report on Thursday, May 16th. Morgan Stanley boosted their price objective 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. Jefferies Financial Group raised shares of Sportradar Group from a hold rating to a buy rating and boosted their price objective for the stock from $12.00 to $16.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sportradar Group in a research report on Tuesday, June 18th. They issued a neutral rating and a $12.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sportradar Group currently has a consensus rating of Moderate Buy and a consensus target price of $14.43.

Sportradar Group Stock Up 1.0 %

Shares of Sportradar Group stock traded up $0.11 on Wednesday, hitting $10.99. The company had a trading volume of 142,098 shares, compared to its average volume of 369,226. The stock has a 50-day moving average of $11.01 and a 200-day moving average of $10.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $12.22 billion, a P/E ratio of 120.89 and a beta of 2.05. Sportradar Group has a twelve month low of $8.08 and a twelve month high of $12.56.

Institutional Trading of Sportradar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRAD. Tower Research Capital LLC TRC bought a new stake in Sportradar Group during the fourth quarter worth $32,000. nVerses Capital LLC increased its holdings in shares of Sportradar Group by 120.0% in the second quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after purchasing an additional 2,400 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Sportradar Group in the first quarter valued at $60,000. Bayesian Capital Management LP acquired a new position in shares of Sportradar Group in the first quarter valued at $158,000. Finally, Mendota Financial Group LLC increased its holdings in shares of Sportradar Group by 22.7% in the first quarter. Mendota Financial Group LLC now owns 15,359 shares of the company’s stock valued at $179,000 after purchasing an additional 2,837 shares during the last quarter.

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.