Needham & Company LLC Trims Sportradar Group (NASDAQ:SRAD) Target Price to $15.00

Sportradar Group (NASDAQ:SRAD – Get Rating) had its price objective cut by Needham & Company LLC from $17.00 to $15.00 in a research note issued to investors on Thursday morning, The Fly reports. They currently have a buy rating on the stock.

SRAD has been the topic of a number of other research reports. Morgan Stanley began coverage on shares of Sportradar Group in a report on Monday, November 21st. They set an equal weight rating and a $12.00 target price on the stock. TheStreet raised shares of Sportradar Group from a d+ rating to a c- rating in a report on Wednesday, January 25th. Jefferies Financial Group cut shares of Sportradar Group from a buy rating to a hold rating and decreased their price target for the stock from $18.00 to $10.00 in a report on Monday, January 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sportradar Group from $16.00 to $14.00 in a report on Wednesday, November 23rd. Finally, UBS Group upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a neutral rating in a report on Wednesday, November 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.25.

Sportradar Group Trading Down 1.4 %

Shares of SRAD stock opened at $10.29 on Thursday. The company’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $10.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 2.06. Sportradar Group has a 1 year low of $7.10 and a 1 year high of $17.45. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 205.84 and a beta of 1.99.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC increased its stake in Sportradar Group by 37.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,080,175 shares of the company’s stock valued at $40,639,000 after acquiring an additional 1,116,279 shares during the last quarter. Spruce House Investment Management LLC increased its stake in Sportradar Group by 40.0% in the second quarter. Spruce House Investment Management LLC now owns 3,500,000 shares of the company’s stock valued at $27,650,000 after acquiring an additional 1,000,000 shares during the last quarter. Durable Capital Partners LP increased its stake in Sportradar Group by 46.0% in the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock valued at $54,967,000 after acquiring an additional 1,040,085 shares during the last quarter. Federated Hermes Inc. increased its stake in Sportradar Group by 42.5% in the first quarter. Federated Hermes Inc. now owns 2,785,700 shares of the company’s stock valued at $46,354,000 after acquiring an additional 830,887 shares during the last quarter. Finally, Security Benefit Life Insurance Co. KS bought a new position in Sportradar Group in the fourth quarter valued at $27,667,000. Institutional investors own 15.07% of the company’s stock.

Sportradar Group Company Profile

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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.