Sportradar Group (NASDAQ:SRAD) PT Raised to $13.00 at Morgan Stanley

Sportradar Group (NASDAQ:SRAD) had its price objective hoisted by analysts at Morgan Stanley from $12.00 to $13.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 4.08% from the company’s current price.

SRAD has been the topic of a number of other research reports. Benchmark increased their target price on shares of Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JMP Securities upgraded shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $15.00 in a research report on Monday. Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $16.00 in a research report on Wednesday, August 14th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

Sportradar Group Stock Performance

Shares of SRAD traded down $0.27 during midday trading on Tuesday, reaching $12.49. 208,912 shares of the stock were exchanged, compared to its average volume of 394,362. The stock’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $11.05. The company has a market cap of $13.88 billion, a P/E ratio of 138.79, a PEG ratio of 15.60 and a beta of 2.06. Sportradar Group has a twelve month low of $8.08 and a twelve month high of $13.20. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Sportradar Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its position in shares of Sportradar Group by 133.7% during the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after purchasing an additional 935,909 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in Sportradar Group during the 2nd quarter worth approximately $8,392,000. AM Investment Strategies LLC boosted its holdings in Sportradar Group by 31.1% in the second quarter. AM Investment Strategies LLC now owns 465,540 shares of the company’s stock worth $5,205,000 after acquiring an additional 110,520 shares in the last quarter. Marshall Wace LLP grew its stake in Sportradar Group by 152.8% in the second quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock valued at $4,380,000 after acquiring an additional 236,831 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after acquiring an additional 135,800 shares in 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.