Sportradar Group AG (NASDAQ:SRAD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $31.4737.

Several equities research analysts recently commented on SRAD shares. Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday, December 29th. Wells Fargo & Company dropped their price objective on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Citizens Jmp decreased their target price on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research note on Monday, January 5th. Finally, Stifel Nicolaus began coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price target for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cresset Asset Management LLC grew its stake in Sportradar Group by 2.1% during the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock valued at $526,000 after purchasing an additional 394 shares in the last quarter. Mindset Wealth Management LLC boosted its stake in shares of Sportradar Group by 5.5% during the 3rd quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock valued at $242,000 after buying an additional 466 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Sportradar Group by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock worth $260,000 after buying an additional 489 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Sportradar Group by 93.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after buying an additional 620 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after buying an additional 801 shares during the last quarter.

Sportradar Group Trading Up 2.2%

NASDAQ:SRAD opened at $16.84 on Wednesday. The business’s 50-day moving average is $20.30 and its two-hundred day moving average is $24.59. The firm has a market capitalization of $5.04 billion, a PE ratio of 52.63 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 debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36.

About Sportradar Group

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.