Sportradar Group (NASDAQ:SRAD) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Sportradar Group (NASDAQ:SRAD) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $16.00 price target on the stock.

Several other brokerages have also recently commented on SRAD. JPMorgan Chase & Co. began coverage on shares of Sportradar Group in a research report on Tuesday, June 18th. They set a neutral rating and a $12.00 target price for the company. Needham & Company LLC reissued a buy rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday. Benchmark reissued a buy rating and issued a $12.00 price target on shares of Sportradar Group in a report on Thursday, May 16th. Jefferies Financial Group raised shares of Sportradar Group from a hold rating to a buy rating and boosted their price target for the company from $12.00 to $16.00 in a report on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Sportradar Group from $11.50 to $12.00 and gave the company an equal weight rating in a report on Friday, July 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Sportradar Group presently has an average rating of Moderate Buy and a consensus target price of $14.43.

Sportradar Group Trading Up 0.7 %

Shares of Sportradar Group stock traded up $0.08 on Wednesday, hitting $10.96. 140,426 shares of the company’s stock traded hands, compared to its average volume of 369,015. The firm’s 50-day moving average price is $11.01 and its two-hundred day moving average price is $10.54. The stock has a market capitalization of $12.18 billion, a PE ratio of 120.89 and a beta of 2.05. Sportradar Group has a one year low of $8.08 and a one year high of $12.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.38.

Hedge Funds Weigh In On Sportradar Group

A number of large investors have recently modified their holdings of the business. Marshall Wace LLP boosted its stake in shares of Sportradar Group by 152.8% during the 2nd quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock worth $4,380,000 after buying an additional 236,831 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Sportradar Group during the 2nd quarter worth about $8,392,000. Hsbc Holdings PLC acquired a new position in shares of Sportradar Group during the 2nd quarter worth about $189,000. Renaissance Technologies LLC boosted its stake in shares of Sportradar Group by 65.3% during the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock worth $3,843,000 after buying an additional 135,800 shares during the last quarter. Finally, nVerses Capital LLC boosted its stake in shares of Sportradar Group by 120.0% during the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock worth $49,000 after buying an additional 2,400 shares during the last quarter.

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.