Sportradar Group (NASDAQ:SRAD) Earns Buy Rating from Analysts at Guggenheim

Guggenheim began coverage on shares of Sportradar Group (NASDAQ:SRAD) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $27.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their price target on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. JMP Securities reiterated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Benchmark lifted their price target on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Citigroup increased their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.67.

Sportradar Group Price Performance

Sportradar Group stock opened at $21.48 on Wednesday. The firm’s 50-day moving average is $19.87 and its two-hundred day moving average is $15.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $23.87 billion, a P/E ratio of 107.41, a P/E/G ratio of 1.53 and a beta of 2.21. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $22.94.

Hedge Funds Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently made changes to their positions in SRAD. National Bank of Canada FI raised its position in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group in the fourth quarter worth about $28,000. US Bancorp DE acquired a new stake in shares of Sportradar Group in the fourth quarter valued at about $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group during the 3rd quarter valued at about $41,000. Finally, Loomis Sayles & Co. L P acquired a new position in Sportradar Group during the 4th quarter worth approximately $43,000.

About Sportradar Group

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.