Benchmark Raises Sportradar Group (NASDAQ:SRAD) Price Target to $16.00

Sportradar Group (NASDAQ:SRAD) had its price objective increased by investment analysts at Benchmark from $14.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 0.88% from the company’s current price.

Several other analysts also recently weighed in on the company. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.00 to $16.00 in a research note on Wednesday, August 14th. Morgan Stanley increased their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Thursday. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.63.

Sportradar Group Trading Up 10.8 %

NASDAQ:SRAD opened at $15.86 on Friday. The firm has a market capitalization of $17.63 billion, a P/E ratio of 79.30, a PEG ratio of 19.97 and a beta of 2.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. Sportradar Group has a one year low of $9.17 and a one year high of $15.93. The company’s 50-day simple moving average is $12.29 and its 200 day simple moving average is $11.27.

Institutional Trading of Sportradar Group

A number of institutional investors have recently made changes to their positions in SRAD. Millennium Management LLC lifted its position in Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after purchasing an additional 935,909 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Sportradar Group by 65.3% during the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after buying an additional 135,800 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Sportradar Group in the 3rd quarter worth $2,617,000. Roubaix Capital LLC bought a new stake in shares of Sportradar Group in the third quarter worth $4,131,000. Finally, Wilson Asset Management International PTY Ltd. bought a new stake in shares of Sportradar Group in the third quarter worth $3,246,000.

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.