Sportradar Group (NASDAQ:SRAD) Price Target Raised to $26.00 at Benchmark

Sportradar Group (NASDAQ:SRAD) had its price target increased by Benchmark from $24.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price would indicate a potential upside of 16.49% from the stock’s previous close.

Several other equities analysts have also recently commented on SRAD. Guggenheim started coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 target price on the stock. Canaccord Genuity Group lifted their price objective on shares of Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Needham & Company LLC lifted their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group boosted their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.67.

Sportradar Group Stock Up 0.1 %

Sportradar Group stock opened at $22.32 on Thursday. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $21.01 and its two-hundred day moving average price is $16.92. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $23.00.

Institutional Trading of Sportradar Group

Several institutional investors have recently made changes to their positions in SRAD. JPMorgan Chase & Co. boosted its position in Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after purchasing an additional 28,878 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Sportradar Group in the 3rd quarter valued at approximately $479,000. Cornerstone Investment Partners LLC acquired a new position in Sportradar Group in the fourth quarter worth approximately $199,000. Moody National Bank Trust Division increased its holdings in Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after buying an additional 61,105 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Sportradar Group in the fourth quarter worth approximately $406,000.

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.