Sportradar Group (NASDAQ:SRAD – Free Report) had its price objective boosted by Jefferies Financial Group from $10.00 to $13.00 in a report issued on Monday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.
Several other research analysts also recently commented on the company. Canaccord Genuity Group reaffirmed a buy rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an overweight rating in a report on Thursday, March 21st. Needham & Company LLC reiterated a buy rating and issued a $15.00 price objective on shares of Sportradar Group in a research note on Wednesday, March 20th. Finally, Citigroup boosted their price target on shares of Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $13.78.
View Our Latest Stock Analysis on Sportradar Group
Sportradar Group Price Performance
Institutional Trading of Sportradar Group
Several hedge funds have recently added to or reduced their stakes in SRAD. Goldman Sachs Group Inc. purchased a new position in shares of Sportradar Group in the first quarter valued at about $32,918,000. Durable Capital Partners LP lifted its position in Sportradar Group by 46.0% in the 1st quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock valued at $54,967,000 after acquiring an additional 1,040,085 shares in the last quarter. 12 West Capital Management LP boosted its stake in Sportradar Group by 33.4% during the 3rd quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock valued at $36,419,000 after purchasing an additional 909,933 shares during the last quarter. Federated Hermes Inc. raised its position in Sportradar Group by 42.5% in the 1st quarter. Federated Hermes Inc. now owns 2,785,700 shares of the company’s stock worth $46,354,000 after buying an additional 830,887 shares during the last quarter. Finally, Millennium Management LLC grew its position in Sportradar Group by 343.7% in the 2nd quarter. Millennium Management LLC now owns 438,084 shares of the company’s stock worth $3,461,000 after purchasing an additional 339,360 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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