Sportradar Group (NASDAQ:SRAD) Price Target Raised to $27.00

Sportradar Group (NASDAQ:SRAD) had its price objective hoisted by Jefferies Financial Group from $23.00 to $27.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also issued reports on SRAD. Needham & Company LLC upped their price objective on Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark upped their price objective on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. JMP Securities restated a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Canaccord Genuity Group upped their price objective on Sportradar Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Stock Performance

SRAD opened at $22.32 on Thursday. 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 business’s 50-day simple moving average is $21.01 and its 200 day simple moving average is $16.95. The firm has a market capitalization of $24.81 billion, a PE ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $23.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Silvercrest Asset Management Group LLC raised its position in Sportradar Group by 1.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock worth $755,000 after purchasing an additional 691 shares during the last quarter. Aurora Investment Counsel raised its position in Sportradar Group by 0.4% during the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock worth $2,186,000 after purchasing an additional 706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. LPL Financial LLC raised its position in Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock worth $618,000 after purchasing an additional 1,287 shares during the last quarter. Finally, XTX Topco Ltd raised its position in Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock worth $444,000 after purchasing an additional 1,414 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.