Sportradar Group (NASDAQ:SRAD – Get Rating) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, The Fly reports.
A number of other research analysts have also commented on SRAD. Deutsche Bank Aktiengesellschaft upped their target price on Sportradar Group from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Canaccord Genuity Group upped their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Citigroup dropped their price objective on Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Finally, Needham & Company LLC increased their price objective on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.
Sportradar Group Price Performance
Shares of SRAD stock opened at $8.76 on Tuesday. Sportradar Group has a 12 month low of $7.10 and a 12 month high of $24.96. The stock has a 50 day moving average of $10.55 and a 200-day moving average of $10.77. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.56.
Institutional Trading of Sportradar Group
A number of hedge funds have recently modified their holdings of SRAD. Appleton Partners Inc. MA increased its stake in Sportradar Group by 15.3% during the 1st quarter. Appleton Partners Inc. MA now owns 36,527 shares of the company’s stock worth $608,000 after purchasing an additional 4,858 shares in the last quarter. Toroso Investments LLC acquired a new position in shares of Sportradar Group during the first quarter worth about $174,000. Keebeck Alpha LP bought a new position in shares of Sportradar Group during the second quarter worth about $99,000. First Trust Advisors LP acquired a new stake in shares of Sportradar Group in the first quarter valued at approximately $218,000. Finally, Jane Street Group LLC lifted its position in shares of Sportradar Group by 615.3% in the first quarter. Jane Street Group LLC now owns 12,367 shares of the company’s stock worth $206,000 after purchasing an additional 14,767 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.
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.