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Sportradar Group (NASDAQ:SRAD) Downgraded to Underperform at Financial institution of America

ByEditorialTeam

Oct 5, 2022

Sportradar Group (NASDAQ:SRADGet Score) was downgraded by equities analysis analysts at Financial institution of America from a “impartial” score to an “underperform” score in a word issued to buyers on Tuesday, The Fly stories.

A variety of different analysis analysts have additionally commented on SRAD. Deutsche Financial institution Aktiengesellschaft upped their goal worth on Sportradar Group from $13.00 to $16.00 and gave the corporate a “purchase” score in a analysis word on Thursday, August 18th. Canaccord Genuity Group upped their goal worth on Sportradar Group from $18.00 to $20.00 and gave the corporate a “purchase” score in a analysis word on Thursday, August 18th. Citigroup dropped their worth goal on Sportradar Group from $23.00 to $18.00 and set a “purchase” score for the corporate in a analysis word on Thursday, July seventh. Lastly, Needham & Firm LLC elevated their worth goal on Sportradar Group from $15.00 to $17.00 and gave the inventory a “purchase” score in a analysis word on Thursday, August 18th. One analysis analyst has rated the inventory with a promote score, one has issued a maintain score and eleven have given a purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, the corporate at the moment has a consensus score of “Average Purchase” and a consensus worth goal of $20.00.

Sportradar Group Worth Efficiency

Shares of SRAD inventory opened at $8.76 on Tuesday. Sportradar Group has a 12 month low of $7.10 and a 12 month excessive of $24.96. The inventory has a 50 day transferring common of $10.55 and a 200-day transferring common of $10.77. The corporate has a present ratio of two.98, a fast ratio of two.98 and a debt-to-equity ratio of 0.56.

Institutional Buying and selling of Sportradar Group

A variety of hedge funds have just lately modified their holdings of SRAD. Appleton Companions Inc. MA elevated its stake in Sportradar Group by 15.3% throughout the 1st quarter. Appleton Companions Inc. MA now owns 36,527 shares of the corporate’s inventory value $608,000 after buying an extra 4,858 shares within the final quarter. Toroso Investments LLC acquired a brand new place in shares of Sportradar Group throughout the first quarter value about $174,000. Keebeck Alpha LP purchased a brand new place in shares of Sportradar Group throughout the second quarter value about $99,000. First Belief Advisors LP acquired a brand new stake in shares of Sportradar Group within the first quarter valued at roughly $218,000. Lastly, Jane Road Group LLC lifted its place in shares of Sportradar Group by 615.3% within the first quarter. Jane Road Group LLC now owns 12,367 shares of the corporate’s inventory value $206,000 after buying an extra 14,767 shares within the final quarter. 56.71% of the inventory is at the moment owned by institutional buyers and hedge funds.

Sportradar Group Firm Profile

(Get Score)

Sportradar Group AG, along with its subsidiaries, supplies sports activities knowledge providers for the sports activities betting and media industries in the UK, the US, Malta, Switzerland, and internationally. Its sports activities knowledge providers to the bookmaking below the Betradar model title, and to the worldwide media business below the Sportradar Media Providers model title.

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Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]

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