Sportradar Group (NASDAQ:SRAD) Price Target Raised to $26.00

Sportradar Group (NASDAQ:SRAD) had its target price upped by Benchmark from $24.00 to $26.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the company. Jefferies Financial Group boosted their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Guggenheim started coverage on Sportradar Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price objective on the stock. Canaccord Genuity Group upped their price objective on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Needham & Company LLC upped their price objective on Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Stock Up 0.1 %

Sportradar Group stock opened at $22.32 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $23.00. The company has a market cap of $24.81 billion, a PE ratio of 111.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The stock’s 50 day moving average price is $21.01 and its 200 day moving average price is $16.95.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after acquiring an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE acquired a new stake in Sportradar Group during the fourth quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new stake in Sportradar Group during the third quarter worth about $41,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Sportradar Group during the fourth quarter worth about $43,000.

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.