Needham & Company LLC Boosts Sportradar Group (NASDAQ:SRAD) Price Target to $27.00

Sportradar Group (NASDAQ:SRAD) had its target price upped by equities researchers at Needham & Company LLC from $18.00 to $27.00 in a research note issued on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 20.97% from the stock’s previous close.

Several other research analysts have also recently weighed in on SRAD. Canaccord Genuity Group boosted their price target on shares of Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Citigroup boosted their price target 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. JMP Securities reissued a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Guggenheim started coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Jefferies Financial Group upped their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Sportradar Group Trading Up 0.1 %

Shares of SRAD stock opened at $22.32 on Thursday. The company’s 50-day moving average price is $21.01 and its 200-day moving average price is $16.92. 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 stock has a market cap of $24.81 billion, a price-to-earnings ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $23.00.

Institutional Trading of Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new stake in Sportradar Group during the fourth quarter worth about $1,236,000. Public Employees Retirement System of Ohio purchased a new stake in Sportradar Group during the fourth quarter worth about $3,100,000. Voloridge Investment Management LLC purchased a new stake in Sportradar Group during the fourth quarter worth about $6,801,000. Two Sigma Advisers LP increased its stake in Sportradar Group by 659.5% during the fourth quarter. Two Sigma Advisers LP now owns 168,600 shares of the company’s stock worth $2,924,000 after purchasing an additional 146,400 shares during the period. Finally, Two Sigma Investments LP increased its stake in Sportradar Group by 134.9% during the fourth quarter. Two Sigma Investments LP now owns 534,270 shares of the company’s stock worth $9,264,000 after purchasing an additional 306,788 shares during the period.

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.