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

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its target price raised by equities researchers at Benchmark from $14.00 to $16.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's target price would suggest a potential upside of 0.88% from the company's current price.

SRAD has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. JMP Securities upgraded Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price objective for the company in a research report on Wednesday, September 4th. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a report on Thursday. Finally, Morgan Stanley increased 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 report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.63.

Sportradar Group Trading Up 10.8 %

Shares of Sportradar Group stock traded up $1.55 on Friday, hitting $15.86. The stock had a trading volume of 2,020,557 shares, compared to its average volume of 419,887. The stock has a 50 day moving average of $12.21 and a 200 day moving average of $11.22. The firm has a market capitalization of $17.63 billion, a P/E ratio of 172.69, a PEG ratio of 15.93 and a beta of 2.05. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $15.93. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its stake in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company's stock worth $30,000 after acquiring an additional 1,754 shares in the last quarter. nVerses Capital LLC grew its stake in shares of Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock valued at $49,000 after buying an additional 2,400 shares during the period. Lazard Asset Management LLC acquired a new position in Sportradar Group during the 1st quarter worth approximately $60,000. Point72 Asset Management L.P. bought a new position in Sportradar Group in the second quarter worth approximately $75,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in Sportradar Group in the third quarter valued at approximately $150,000.

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.