Sportradar Group (NASDAQ:SRAD) Price Target Raised to $23.00 at Jefferies Financial Group

Sportradar Group (NASDAQ:SRAD) had its target price lifted by Jefferies Financial Group from $17.00 to $23.00 in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on SRAD. JMP Securities upped their price objective on Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Citigroup increased their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. Finally, Benchmark raised their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Sportradar Group Trading Up 1.9 %

Shares of Sportradar Group stock opened at $19.95 on Wednesday. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 99.75, a PEG ratio of 1.47 and a beta of 2.18. 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’s 50-day moving average price is $17.42 and its 200-day moving average price is $13.70. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $20.90.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently modified their holdings of SRAD. GSA Capital Partners LLP boosted its stake in shares of Sportradar Group by 142.7% in the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock worth $837,000 after acquiring an additional 40,621 shares during the period. Jane Street Group LLC bought a new position in Sportradar Group in the 3rd quarter worth approximately $479,000. Moody National Bank Trust Division grew its holdings 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 in the last quarter. Millennium Management LLC raised its position 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 buying an additional 935,909 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Sportradar Group by 65.3% in the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock worth $3,843,000 after buying an additional 135,800 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.