Guggenheim Initiates Coverage on Sportradar Group (NASDAQ:SRAD)

Research analysts at Guggenheim assumed coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research note issued on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $27.00 price target on the stock. Guggenheim’s price target would indicate a potential upside of 27.78% from the stock’s previous close.

SRAD has been the topic of a number of other research reports. Benchmark raised their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. JMP Securities reiterated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Canaccord Genuity Group lifted their price target on shares of Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Sportradar Group Stock Performance

Shares of 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 company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $23.49 billion, a P/E ratio of 105.66, a P/E/G ratio of 1.53 and a beta of 2.21. The company’s 50 day moving average price is $19.87 and its two-hundred day moving average price is $15.82.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds have recently bought and sold shares of the company. Silvercrest Asset Management Group LLC raised its stake in Sportradar Group by 1.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock worth $755,000 after buying an additional 691 shares during the last quarter. Aurora Investment Counsel increased its stake in Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after purchasing an additional 706 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after purchasing an additional 1,272 shares in the last quarter. LPL Financial LLC increased its stake in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after purchasing an additional 1,287 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock valued at $444,000 after purchasing an additional 1,414 shares in the last quarter.

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.