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

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

Several other analysts have also issued reports on SRAD. Guggenheim began coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target for the company. Citigroup upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JMP Securities restated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Benchmark upped their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity Group upped their price objective on shares of Sportradar Group from $28.00 to $30.00 and gave the company a “buy” 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $22.30 on Thursday. The company has a 50-day simple moving average of $20.95 and a two-hundred day simple moving average of $16.84. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $23.23. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 111.51, a PEG ratio of 1.53 and a beta of 2.19.

Hedge Funds Weigh In On Sportradar Group

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Sportradar Group by 120.8% in the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after buying an additional 28,878 shares in the last quarter. Jane Street Group LLC bought a new position in Sportradar Group in the third quarter worth about $479,000. Cornerstone Investment Partners LLC bought a new position in Sportradar Group in the fourth quarter worth about $199,000. Moody National Bank Trust Division raised its stake in Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after buying an additional 61,105 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Sportradar Group in the fourth quarter worth about $406,000.

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.