Sportradar Group (NASDAQ:SRAD) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of Sportradar Group (NASDAQ:SRADGet Rating) in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $12.00 price objective on the stock.

SRAD has been the topic of several other reports. Needham & Company LLC increased their price objective on shares of Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Sportradar Group from $13.00 to $16.00 and gave the company a buy rating in a research report on Thursday, August 18th. Canaccord Genuity Group increased their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the company a buy rating in a research report on Thursday, August 18th. Finally, Bank of America cut shares of Sportradar Group from a neutral rating to an underperform rating and reduced their target price for the company from $14.00 to $8.00 in a research report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $16.82.

Sportradar Group Stock Up 0.1 %

SRAD opened at $11.03 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.29. Sportradar Group has a 52-week low of $7.10 and a 52-week high of $19.48. The firm’s fifty day simple moving average is $9.41 and its two-hundred day simple moving average is $9.61.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently bought and sold shares of SRAD. North Star Investment Management Corp. increased its position in Sportradar Group by 100.0% during the third quarter. North Star Investment Management Corp. now owns 5,000 shares of the company’s stock worth $44,000 after purchasing an additional 2,500 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Sportradar Group during the third quarter valued at about $87,000. Keebeck Alpha LP acquired a new stake in shares of Sportradar Group during the second quarter valued at about $99,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Sportradar Group during the third quarter valued at about $133,000. Finally, Walleye Capital LLC acquired a new stake in shares of Sportradar Group during the second quarter valued at about $155,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Sportradar Group Company Profile

(Get Rating)

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.

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Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

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