JMP Securities Reiterates Market Outperform Rating for Sportradar Group (NASDAQ:SRAD)

Sportradar Group (NASDAQ:SRAD)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They currently have a $19.00 price target on the stock. JMP Securities’ price objective suggests a potential downside of 10.38% from the company’s previous close.

SRAD has been the subject of a number of other research reports. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. Jefferies Financial Group boosted their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Morgan Stanley lifted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Citigroup boosted their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Benchmark raised their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $21.20 on Monday. The firm has a market capitalization of $23.56 billion, a P/E ratio of 106.01, a P/E/G ratio of 1.42 and a beta of 2.18. The firm’s 50-day moving average price is $18.10 and its 200-day moving average price is $14.31. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $21.24.

Institutional Investors Weigh In On Sportradar Group

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after buying an additional 28,878 shares during the period. Jane Street Group LLC purchased a new position in shares of Sportradar Group in the third quarter worth $479,000. GSA Capital Partners LLP raised its holdings in Sportradar Group by 142.7% during the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after buying an additional 40,621 shares during the last quarter. Moody National Bank Trust Division boosted its position in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after buying an additional 61,105 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after acquiring an additional 935,909 shares during the last quarter.

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.