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

Sportradar Group (NASDAQ:SRAD) had its price target lifted by JPMorgan Chase & Co. from $20.00 to $26.00 in a research report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. Citigroup lifted their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Guggenheim initiated coverage on Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price objective on the stock. JMP Securities reissued a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Jefferies Financial Group boosted their price target on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Benchmark upped their price target on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD opened at $22.32 on Thursday. Sportradar Group has a one year low of $9.17 and a one year high of $23.00. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $21.01 and a 200 day simple moving average of $16.95. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19.

Hedge Funds Weigh In On Sportradar Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Silvercrest Asset Management Group LLC lifted its position in Sportradar Group by 1.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock worth $755,000 after buying an additional 691 shares in the last quarter. Aurora Investment Counsel raised its stake in shares of Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock worth $2,186,000 after acquiring an additional 706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares in the last quarter. LPL Financial LLC grew its stake in shares of Sportradar Group by 3.7% during the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after purchasing an additional 1,287 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock valued at $444,000 after purchasing an additional 1,414 shares in the last quarter.

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.