Citigroup Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its price objective raised by Citigroup from $25.00 to $27.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently weighed in on SRAD. Benchmark lifted their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday. Needham & Company LLC lifted their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Guggenheim assumed coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $22.32 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $23.00. The company has a market capitalization 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. The firm’s 50 day simple moving average is $21.01 and its two-hundred day simple moving average is $16.95.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently bought and sold shares of the business. Greenhouse Funds LLLP increased its position in Sportradar Group by 2.0% in the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock worth $170,868,000 after purchasing an additional 193,962 shares during the last quarter. Janus Henderson Group PLC increased its position in Sportradar Group by 14.9% in the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after purchasing an additional 463,441 shares during the last quarter. Unisphere Establishment bought a new stake in Sportradar Group in the fourth quarter worth $51,596,000. Granahan Investment Management LLC boosted its stake in Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock worth $34,836,000 after buying an additional 930,310 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after buying an additional 454,826 shares during the period.

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.