Sportradar Group (NASDAQ:SRAD) Price Target Raised to $19.00

Sportradar Group (NASDAQ:SRAD) had its target price increased by JMP Securities from $17.00 to $19.00 in a research note published on Monday,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other equities analysts have also recently issued reports on SRAD. Morgan Stanley raised their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Benchmark upped their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $16.38.

Sportradar Group Stock Up 2.3 %

Shares of NASDAQ:SRAD opened at $18.56 on Monday. The company’s fifty day moving average is $16.63 and its two-hundred day moving average is $13.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $18.75. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 92.80, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after acquiring an additional 28,878 shares during the period. Barclays PLC raised its holdings in Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after purchasing an additional 5,733 shares in the last quarter. XTX Topco Ltd bought a new stake in Sportradar Group during the third quarter worth approximately $293,000. Jane Street Group LLC acquired a new stake in Sportradar Group in the third quarter worth approximately $479,000. Finally, Quarry LP boosted its stake in Sportradar Group by 264.0% during the 3rd quarter. Quarry LP now owns 9,792 shares of the company’s stock valued at $119,000 after purchasing an additional 7,102 shares in the last quarter.

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.