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

Sportradar Group (NASDAQ:SRAD) had its target price hoisted by research analysts at Citigroup from $25.00 to $27.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 20.65% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim began coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 price objective for the company. Needham & Company LLC increased their target price on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price target on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Trading Down 1.9 %

Sportradar Group stock traded down $0.42 during trading hours on Thursday, reaching $22.38. The company had a trading volume of 1,959,753 shares, compared to its average volume of 610,613. 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 price of $20.87 and a 200 day moving average price of $16.80. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 112.13, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $22.94.

Institutional Trading of Sportradar Group

Several large investors have recently bought and sold shares of SRAD. JPMorgan Chase & Co. boosted its position in shares of 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 purchasing an additional 28,878 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Sportradar Group during the 3rd quarter valued at $479,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Sportradar Group in the 4th quarter worth about $199,000. Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 80.6% in the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after acquiring an additional 61,105 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Sportradar Group in the 4th quarter worth about $406,000.

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.