Sportradar Group (NASDAQ:SRAD) Shares Gap Up to $11.76

Sportradar Group AG (NASDAQ:SRAD – Get Rating)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $11.76, but opened at $12.00. Sportradar Group shares last traded at $10.45, with a volume of 81,167 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SRAD shares. JPMorgan Chase & Co. reduced their target price on Sportradar Group from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group upped their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, November 30th. TheStreet raised Sportradar Group from a “d+” rating to a “c-” rating in a research note on Wednesday, January 25th. Needham & Company LLC reduced their target price on Sportradar Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Morgan Stanley reduced their target price on Sportradar Group from $11.50 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.25.

Sportradar Group Stock Performance

The business has a 50 day simple moving average of $11.90 and a two-hundred day simple moving average of $10.59. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.29.

Institutional Trading of Sportradar Group

A number of institutional investors and hedge funds have recently made changes to their positions in SRAD. North Star Investment Management Corp. increased its holdings in shares of Sportradar Group by 100.0% during the 3rd quarter. North Star Investment Management Corp. now owns 5,000 shares of the company’s stock worth $44,000 after buying an additional 2,500 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Sportradar Group during the 4th quarter worth $57,000. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group during the 4th quarter worth $64,000. Fortis Advisors LLC acquired a new stake in shares of Sportradar Group during the 4th quarter worth $80,000. Finally, State of Wyoming acquired a new stake in shares of Sportradar Group during the 4th quarter worth $85,000. 15.07% of the stock is currently owned by institutional investors and hedge funds.

About Sportradar Group

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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.