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

Sportradar Group (NASDAQ:SRAD) had its target price increased by Needham & Company LLC from $18.00 to $27.00 in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently issued reports on SRAD. JMP Securities reissued 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 increased their price objective on Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group increased their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Guggenheim began coverage on Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Stock Up 0.1 %

Shares of Sportradar Group stock opened at $22.32 on Thursday. The stock has a 50-day moving average price of $21.01 and a 200 day moving average price of $16.95. 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. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI grew its holdings in Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $28,000. US Bancorp DE acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $39,000. Loomis Sayles & Co. L P acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $43,000. Finally, R Squared Ltd acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $44,000.

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.