JPMorgan Chase & Co. upgraded shares of Sportradar Group (NASDAQ:SRAD – Free Report) from a neutral rating to an overweight rating in a research report released on Monday morning, Marketbeat Ratings reports. The firm currently has $15.00 target price on the stock, up from their previous target price of $12.00.
A number of other analysts also recently commented on the company. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $12.00 to $16.00 in a research note on Wednesday, August 14th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Wednesday, August 14th. Benchmark increased their price target on shares of Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, Morgan Stanley raised their target price on Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $15.38.
View Our Latest Research Report on SRAD
Sportradar Group Price Performance
Institutional Trading of Sportradar Group
Several institutional investors have recently made changes to their positions in SRAD. Acadian Asset Management LLC purchased a new position in Sportradar Group in the 1st quarter valued at approximately $263,000. Quadrature Capital Ltd acquired a new position in shares of Sportradar Group in the 1st quarter valued at $515,000. Lazard Asset Management LLC acquired a new position in Sportradar Group in the first quarter valued at $60,000. Aristides Capital LLC purchased a new stake in Sportradar Group during the 1st quarter valued at approximately $281,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Sportradar Group by 23.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock worth $295,000 after purchasing an additional 4,789 shares during the period.
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.
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