Sportradar Group (NASDAQ:SRAD) Price Target Raised to $27.00

Sportradar Group (NASDAQ:SRAD) had its price target increased by Citigroup from $25.00 to $27.00 in a report issued on Thursday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other brokerages have also issued reports on SRAD. Canaccord Genuity Group increased their price target on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. Needham & Company LLC raised their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday. JMP Securities restated a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Benchmark raised their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Stock Up 0.1 %

Shares of 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. The company has a 50-day moving average of $21.01 and a 200 day moving average of $16.95. The firm 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 1 year low of $9.17 and a 1 year high of $23.00.

Institutional Trading of Sportradar Group

Institutional investors have recently made changes to their positions in the stock. Unisphere Establishment purchased a new position in shares of Sportradar Group in the fourth quarter worth approximately $51,596,000. Portolan Capital Management LLC purchased a new position in shares of Sportradar Group in the third quarter worth approximately $12,061,000. Granahan Investment Management LLC boosted its holdings in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock worth $34,836,000 after buying an additional 930,310 shares during the last quarter. Sellaronda Global Management LP purchased a new position in shares of Sportradar Group in the fourth quarter worth approximately $14,739,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Sportradar Group in the fourth quarter worth approximately $14,029,000.

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.