Sportradar Group (NASDAQ:SRAD) Stock Rating Upgraded by JPMorgan Chase & Co.

Sportradar Group (NASDAQ:SRAD) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Monday, MarketBeat reports. The brokerage presently has a $15.00 price objective on the stock, up from their previous price objective of $12.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 19.52% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. Morgan Stanley lifted their price objective on Sportradar Group from $11.50 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, July 12th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. Benchmark lifted their price objective on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $12.55 on Monday. Sportradar Group has a 1-year low of $8.08 and a 1-year high of $13.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. The business has a fifty day moving average price of $11.93 and a 200-day moving average price of $11.05. The company has a market capitalization of $13.95 billion, a PE ratio of 139.46, a PEG ratio of 15.60 and a beta of 2.06.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently bought and sold shares of the business. Quarry LP boosted its stake in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after buying an additional 1,754 shares during the period. nVerses Capital LLC boosted its stake in shares of Sportradar Group by 45.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after purchasing an additional 2,000 shares during the period. Silvercrest Asset Management Group LLC boosted its stake 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 valued at $295,000 after purchasing an additional 4,789 shares during the period. Lazard Asset Management LLC purchased a new stake in Sportradar Group in the first quarter worth about $60,000. Finally, Point72 Asset Management L.P. purchased a new stake in Sportradar Group in the second quarter worth about $75,000.

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.