Sportradar Group (NASDAQ:SRAD) PT Raised to $11.50

Sportradar Group (NASDAQ:SRAD - Free Report) had its price target upped by Morgan Stanley from $11.00 to $11.50 in a report released on Tuesday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also recently weighed in on SRAD. Canaccord Genuity Group restated a buy rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday, March 21st. Jefferies Financial Group boosted their target price on Sportradar Group from $10.00 to $13.00 and gave the stock a hold rating in a report on Monday, March 25th. Citigroup boosted their target price on Sportradar Group from $15.00 to $17.00 and gave the stock a buy rating in a report on Friday, March 22nd. Needham & Company LLC restated a buy rating and set a $15.00 target price on shares of Sportradar Group in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. boosted their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an overweight rating in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $13.89.

Sportradar Group Price Performance

NASDAQ:SRAD traded down $0.01 during trading hours on Tuesday, hitting $11.61. 232,210 shares of the stock were exchanged, compared to its average volume of 302,471. Sportradar Group has a 52-week low of $8.08 and a 52-week high of $15.56. The firm's fifty day moving average price is $10.51 and its 200 day moving average price is $10.26. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The company has a market cap of $12.90 billion, a P/E ratio of 96.76 and a beta of 1.97.

Institutional Trading of Sportradar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SRAD. Goldman Sachs Group Inc. purchased a new stake in Sportradar Group in the first quarter valued at approximately $32,918,000. Durable Capital Partners LP increased its position in shares of Sportradar Group by 46.0% during the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company's stock worth $54,967,000 after acquiring an additional 1,040,085 shares during the period. 12 West Capital Management LP increased its position in shares of Sportradar Group by 33.4% during the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company's stock worth $36,419,000 after acquiring an additional 909,933 shares during the period. Federated Hermes Inc. increased its position in shares of Sportradar Group by 42.5% during the first quarter. Federated Hermes Inc. now owns 2,785,700 shares of the company's stock worth $46,354,000 after acquiring an additional 830,887 shares during the period. Finally, Millennium Management LLC increased its position in shares of Sportradar Group by 343.7% during the second quarter. Millennium Management LLC now owns 438,084 shares of the company's stock worth $3,461,000 after acquiring an additional 339,360 shares during the period.

Sportradar Group Company Profile

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.