Brokerages Set Sportradar Group AG (NASDAQ:SRAD) Target Price at $31.47

Sportradar Group AG (NASDAQ:SRAD) has been assigned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.4737.

SRAD has been the topic of several analyst reports. Guggenheim increased their target price on Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Citizens Jmp cut their price target on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, January 5th. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Wednesday, January 21st.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $17.75 on Wednesday. The firm has a fifty day moving average of $19.76 and a two-hundred day moving average of $24.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 55.47 and a beta of 2.01. Sportradar Group has a 52 week low of $15.73 and a 52 week high of $32.22.

Institutional Investors Weigh In On Sportradar Group

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

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.