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

Sportradar Group (NASDAQ:SRAD) had its price objective increased by stock analysts at Canaccord Genuity Group from $28.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 33.30% from the stock’s current price.

SRAD has been the subject of several other reports. JPMorgan Chase & Co. increased their target price on shares of Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC upped their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a report on Thursday. Citigroup upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JMP Securities restated a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. Finally, Benchmark upped their target price on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.44.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD traded down $0.30 during midday trading on Thursday, hitting $22.51. 1,287,075 shares of the company’s stock traded hands, compared to its average volume of 607,969. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $22.94. The stock has a market capitalization of $25.01 billion, a price-to-earnings ratio of 112.16, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a fifty day moving average of $20.87 and a 200 day moving average of $16.80.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI increased its stake in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after purchasing an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group during the fourth quarter worth approximately $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group during the fourth quarter worth approximately $39,000. Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group during the fourth quarter worth approximately $43,000. Finally, R Squared Ltd purchased a new stake in shares of Sportradar Group during the fourth quarter worth approximately $44,000.

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.