Sportradar Group (NASDAQ:SRAD) Receives New Coverage from Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Sportradar Group (NASDAQ:SRADGet Rating) in a research report sent to investors on Monday morning, The Fly reports. The firm issued an equal weight rating and a $12.00 target price on the stock.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Sportradar Group from $13.00 to $16.00 and gave the stock a buy rating in a research note on Thursday, August 18th. Canaccord Genuity Group upped their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a buy rating in a research note on Thursday, August 18th. Bank of America lowered shares of Sportradar Group from a neutral rating to an underperform rating and dropped their price target for the company from $14.00 to $8.00 in a research note on Tuesday, October 4th. Finally, Needham & Company LLC increased their price target on shares of Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a research note on Thursday, August 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $17.00.

Sportradar Group Stock Down 1.7 %

SRAD stock opened at $11.25 on Monday. The company’s 50 day moving average price is $9.40 and its 200 day moving average price is $9.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.06 and a current ratio of 2.06. Sportradar Group has a fifty-two week low of $7.10 and a fifty-two week high of $21.98.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Sportradar Group in the third quarter valued at approximately $256,000. Two Sigma Investments LP acquired a new stake in shares of Sportradar Group during the third quarter worth $412,000. Trexquant Investment LP lifted its holdings in shares of Sportradar Group by 29.3% during the third quarter. Trexquant Investment LP now owns 19,012 shares of the company’s stock worth $167,000 after purchasing an additional 4,312 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Sportradar Group by 21.6% during the third quarter. Renaissance Technologies LLC now owns 37,100 shares of the company’s stock worth $326,000 after purchasing an additional 6,582 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Sportradar Group during the third quarter worth $87,000. 56.71% of the stock is owned by institutional investors and hedge funds.

About Sportradar Group

(Get Rating)

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.

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Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

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