Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, JMP Securities Analyst Says

Sportradar Group (NASDAQ:SRAD) had its target price increased by research analysts at JMP Securities from $17.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 4.68% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Citigroup lifted their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Benchmark increased their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley lifted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Sportradar Group Trading Up 0.2 %

Shares of SRAD stock opened at $18.15 on Monday. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $18.75. The firm has a fifty day moving average price of $16.63 and a 200-day moving average price of $13.38. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 90.75, a PEG ratio of 2.12 and a beta of 2.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Institutional Trading of Sportradar Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in shares of Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after purchasing an additional 28,878 shares in the last quarter. Barclays PLC boosted its stake in Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after buying an additional 5,733 shares during the last quarter. XTX Topco Ltd purchased a new position in Sportradar Group during the 3rd quarter valued at approximately $293,000. Jane Street Group LLC bought a new stake in Sportradar Group in the 3rd quarter worth approximately $479,000. Finally, Quarry LP raised its holdings in shares of Sportradar Group by 264.0% during the 3rd quarter. Quarry LP now owns 9,792 shares of the company’s stock worth $119,000 after acquiring an additional 7,102 shares in the last quarter.

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.