Sportradar Group (NASDAQ:SRAD) Price Target Raised to $13.00

Sportradar Group (NASDAQ:SRAD) had its price target raised by Morgan Stanley from $12.00 to $13.00 in a research note published on Tuesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other brokerages have also weighed in on SRAD. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th. Benchmark raised their target price on Sportradar Group from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $12.00 to $15.00 in a research report on Monday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

Sportradar Group Stock Up 1.0 %

Shares of NASDAQ SRAD opened at $12.33 on Tuesday. The stock has a market cap of $13.70 billion, a PE ratio of 137.02, a PEG ratio of 15.80 and a beta of 2.06. The business has a fifty day moving average of $11.99 and a two-hundred day moving average of $11.07. Sportradar Group has a 52-week low of $8.08 and a 52-week high of $13.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Sportradar Group during the third quarter worth $264,000. nVerses Capital LLC boosted its position in shares of Sportradar Group by 45.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after purchasing an additional 2,000 shares in the last quarter. Shaker Investments LLC OH bought a new position in shares of Sportradar Group during the third quarter worth $262,000. Aurora Investment Counsel boosted its position in shares of Sportradar Group by 10.7% during the second quarter. Aurora Investment Counsel now owns 179,838 shares of the company’s stock worth $2,011,000 after purchasing an additional 17,322 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Sportradar Group during the second quarter worth $75,000.

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.