Guggenheim Initiates Coverage on Sportradar Group (NASDAQ:SRAD)

Research analysts at Guggenheim initiated coverage on shares of Sportradar Group (NASDAQ:SRAD) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $27.00 price target on the stock. Guggenheim’s price target indicates a potential upside of 27.78% from the company’s previous close.

A number of other research analysts have also recently weighed in on SRAD. Citigroup boosted their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Thursday, November 7th. Canaccord Genuity Group boosted their target price on shares of Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, JMP Securities reissued a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.67.

Sportradar Group Stock Down 1.6 %

Sportradar Group stock opened at $21.13 on Wednesday. Sportradar Group has a fifty-two week low of $9.17 and a fifty-two week high of $22.94. The stock has a market cap of $23.49 billion, a PE ratio of 105.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.21. The firm’s 50-day simple moving average is $19.87 and its 200 day simple moving average is $15.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after acquiring an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group in the 4th quarter worth $28,000. US Bancorp DE bought a new position in shares of Sportradar Group in the 4th quarter worth $39,000. Loomis Sayles & Co. L P bought a new position in shares of Sportradar Group in the 4th quarter worth $43,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group in the 4th quarter worth $44,000.

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.