Analysts Set Sportradar Group AG (NASDAQ:SRAD) Target Price at $16.38

Shares of Sportradar Group AG (NASDAQ:SRAD) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $17.25.

A number of research analysts recently commented on SRAD shares. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $15.00 in a report on Monday, October 21st. Benchmark raised their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. Finally, JMP Securities upped their target price on shares of Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $20.04 on Tuesday. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $20.90. The stock has a market cap of $22.27 billion, a P/E ratio of 100.21, a PEG ratio of 1.47 and a beta of 2.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50-day moving average of $17.68 and a two-hundred day moving average of $13.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP lifted its holdings in Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Sportradar Group during the 3rd quarter valued at approximately $41,000. Barclays PLC grew its stake in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after buying an additional 5,733 shares during the last quarter. Finally, nVerses Capital LLC increased its position in Sportradar Group by 45.5% in the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after buying an additional 2,000 shares during the period.

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.