Sportradar Group (NASDAQ:SRAD) Now Covered by Guggenheim

Equities research analysts at Guggenheim started coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $27.00 price target on the stock. Guggenheim’s target price indicates a potential upside of 24.65% from the stock’s previous close.

Several other analysts have also commented on the stock. Jefferies Financial Group raised their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Benchmark upped their price target on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Citigroup raised 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Sportradar Group Stock Up 5.4 %

Shares of SRAD opened at $21.66 on Wednesday. The company has a market capitalization of $24.07 billion, a price-to-earnings ratio of 108.31, a PEG ratio of 1.53 and a beta of 2.21. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $22.94. The stock’s 50-day moving average price is $19.77 and its 200-day moving average price is $15.78. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new position in shares of Sportradar Group in the fourth quarter worth about $1,236,000. Public Employees Retirement System of Ohio acquired a new stake in Sportradar Group in the 4th quarter valued at about $3,100,000. Voloridge Investment Management LLC acquired a new position in shares of Sportradar Group during the 4th quarter worth approximately $6,801,000. Two Sigma Advisers LP grew its position in shares of Sportradar Group by 659.5% in the fourth quarter. Two Sigma Advisers LP now owns 168,600 shares of the company’s stock valued at $2,924,000 after purchasing an additional 146,400 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Sportradar Group by 134.9% in the fourth quarter. Two Sigma Investments LP now owns 534,270 shares of the company’s stock valued at $9,264,000 after purchasing an additional 306,788 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.