Canaccord Genuity Group Forecasts Strong Price Appreciation for Sportradar Group (NASDAQ:SRAD) Stock

Sportradar Group (NASDAQ:SRAD) had its target price upped by Canaccord Genuity Group from $28.00 to $30.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Guggenheim assumed coverage on Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. Needham & Company LLC raised their target price on Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citigroup raised their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Stock Up 0.1 %

NASDAQ SRAD opened at $22.32 on Thursday. The business has a fifty day moving average price of $21.01 and a 200 day moving average price of $16.95. Sportradar Group has a one year low of $9.17 and a one year high of $23.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $24.81 billion, a P/E ratio of 111.61, a P/E/G ratio of 1.53 and a beta of 2.19.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in shares of Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after purchasing an additional 28,878 shares during the last quarter. Jane Street Group LLC purchased a new position in Sportradar Group during the 3rd quarter valued at about $479,000. Cornerstone Investment Partners LLC purchased a new position in Sportradar Group during the 4th quarter valued at about $199,000. Moody National Bank Trust Division boosted its holdings in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after acquiring an additional 61,105 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in Sportradar Group during the 4th quarter valued at about $406,000.

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.