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

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

Several other analysts have also recently issued reports on the company. Morgan Stanley upped their target price on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research note on Thursday, November 7th. Benchmark increased their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Citigroup lifted their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and an average price target of $16.38.

Sportradar Group Price Performance

SRAD stock opened at $18.11 on Monday. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $18.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $20.13 billion, a PE ratio of 90.55, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. The business has a 50 day simple moving average of $16.52 and a 200-day simple moving average of $13.33.

Hedge Funds Weigh In On Sportradar Group

Large investors have recently made changes to their positions in the stock. Quarry LP raised its position in Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after purchasing an additional 1,754 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group in the 3rd quarter valued at $41,000. Barclays PLC lifted its stake in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after acquiring an additional 5,733 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Sportradar Group during the 2nd quarter valued at about $75,000. Finally, nVerses Capital LLC grew its holdings in shares of Sportradar Group by 45.5% in 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 in the last quarter.

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.