Sportradar Group AG (NASDAQ:SRAD) Receives $31.47 Average Price Target from Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $31.4737.

Several research firms have commented on SRAD. UBS Group lowered their price objective on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Stifel Nicolaus initiated coverage on Sportradar Group in a research report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price target for the company. Guggenheim boosted their price objective on Sportradar Group from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. Finally, Arete Research raised Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SRAD. Caitong International Asset Management Co. Ltd raised its holdings in shares of Sportradar Group by 93.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after purchasing an additional 620 shares in the last quarter. Empowered Funds LLC purchased a new position in Sportradar Group during the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new position in Sportradar Group in the fourth quarter worth approximately $45,000. Tower Research Capital LLC TRC lifted its holdings in Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after buying an additional 1,620 shares during the period. Finally, CWM LLC lifted its holdings in Sportradar Group by 316.0% during the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after buying an additional 1,880 shares during the period.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $17.76 on Wednesday. The stock has a 50-day moving average price of $19.97 and a 200 day moving average price of $24.36. The stock has a market capitalization of $5.32 billion, a P/E ratio of 55.50 and a beta of 2.01. Sportradar Group has a 12-month low of $15.73 and a 12-month high of $32.22. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.