Sportradar Group (NASDAQ:SRAD – Get Free Report)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $19.00 target price on the stock. JMP Securities’ price target suggests a potential downside of 10.38% from the stock’s current price.
SRAD has been the topic of several other reports. Benchmark increased their target price on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. JPMorgan Chase & Co. raised 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 increased their price objective on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley boosted their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.25.
Get Our Latest Stock Report on SRAD
Sportradar Group Price Performance
Institutional Investors Weigh In On Sportradar Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in Sportradar Group by 187.4% in the 2nd 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. Point72 Hong Kong Ltd bought a new position in Sportradar Group in the 3rd quarter worth approximately $41,000. R Squared Ltd purchased a new stake in Sportradar Group during the 4th quarter valued at approximately $44,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Barclays PLC increased its holdings in Sportradar Group by 3,098.9% in the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after acquiring an additional 5,733 shares during 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.
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