Sportradar Group (NASDAQ:SRAD) Trading Up 8.5% Following Analyst Upgrade

Sportradar Group AG (NASDAQ:SRAD) shares were up 8.5% during trading on Friday after Benchmark raised their price target on the stock from $14.00 to $16.00. Benchmark currently has a buy rating on the stock. Sportradar Group traded as high as $15.59 and last traded at $15.52. Approximately 1,117,993 shares were traded during mid-day trading, an increase of 169% from the average daily volume of 415,624 shares. The stock had previously closed at $14.31.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. Finally, JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.63.

Institutional Trading of Sportradar Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Aurora Investment Counsel raised its position in shares of Sportradar Group by 0.4% in the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after buying an additional 706 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Sportradar Group by 142.7% in the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after buying an additional 40,621 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Sportradar Group in the 3rd quarter valued at approximately $2,617,000. Roubaix Capital LLC acquired a new position in shares of Sportradar Group in the 3rd quarter valued at approximately $4,131,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Sportradar Group in the 3rd quarter valued at approximately $150,000.

Sportradar Group Stock Up 10.8 %

The firm’s 50-day moving average price is $12.29 and its 200 day moving average price is $11.27. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 176.24, a PEG ratio of 15.93 and a beta of 2.05. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05.

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.