Sportradar Group (NASDAQ:SRAD) Given New $27.00 Price Target at Jefferies Financial Group

Sportradar Group (NASDAQ:SRAD) had its target price increased by equities researchers at Jefferies Financial Group from $23.00 to $27.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 20.97% from the stock’s previous close.

A number of other brokerages also recently weighed in on SRAD. JPMorgan Chase & Co. upped their price target on shares of Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday. Guggenheim assumed coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target for the company. Benchmark upped their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group upped their price target on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $22.32 on Thursday. The firm has a 50-day moving average price of $21.01 and a two-hundred day moving average price of $16.92. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $23.00. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $24.81 billion, a P/E ratio of 111.61, a P/E/G ratio of 1.53 and a beta of 2.19.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC increased its position in Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock valued at $755,000 after acquiring an additional 691 shares during the period. Aurora Investment Counsel increased its position in Sportradar Group by 0.4% in the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after acquiring an additional 706 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after acquiring an additional 1,272 shares during the period. LPL Financial LLC increased its position in Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after acquiring an additional 1,287 shares during the period. Finally, XTX Topco Ltd increased its position in Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock valued at $444,000 after acquiring an additional 1,414 shares during the period.

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.