Sportradar Group AG (NASDAQ:SRAD) Receives $19.67 Average PT from Brokerages

Sportradar Group AG (NASDAQ:SRAD) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.67.

Several analysts have recently issued reports on SRAD shares. Jefferies Financial Group upped their target price 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 reiterated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Citigroup upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Guggenheim initiated coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target on the stock.

Hedge Funds Weigh In On Sportradar Group

Hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its stake in Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after acquiring an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group in the 4th quarter worth approximately $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group in the 4th quarter worth approximately $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group in the 3rd quarter worth approximately $41,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group in the 4th quarter worth approximately $43,000.

Sportradar Group Stock Down 1.5 %

Shares of NASDAQ SRAD opened at $20.28 on Wednesday. The firm’s 50-day moving average price is $20.46 and its 200-day moving average price is $16.35. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 101.41, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $22.94.

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.