Sportradar Group (NASDAQ:SRAD) Price Target Raised to $30.00

Sportradar Group (NASDAQ:SRAD) had its price target raised by Canaccord Genuity Group from $28.00 to $30.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased 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. Jefferies Financial Group upped their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Citigroup upped their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JMP Securities restated a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. Finally, Benchmark upped their price objective on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $22.32 on Thursday. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $23.00. The company’s 50 day moving average is $21.01 and its 200 day moving average is $16.95. 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 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Greenhouse Funds LLLP lifted its position in shares of Sportradar Group by 2.0% during the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock valued at $170,868,000 after buying an additional 193,962 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after buying an additional 463,441 shares in the last quarter. Unisphere Establishment purchased a new position in shares of Sportradar Group during the 4th quarter valued at approximately $51,596,000. Granahan Investment Management LLC lifted its position in shares of Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after buying an additional 930,310 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock valued at $24,370,000 after buying an additional 454,826 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.