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

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target increased by stock analysts at Canaccord Genuity Group from $20.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 31.70% from the company's current price.

A number of other equities analysts also recently weighed in on SRAD. JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Needham & Company LLC restated a "buy" rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. Benchmark boosted their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 8th. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Finally, Citigroup upped their price objective 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Sportradar Group presently has an average rating of "Moderate Buy" and an average price target of $18.75.

Sportradar Group Stock Down 4.6 %

SRAD traded down $1.03 during trading on Tuesday, reaching $21.26. 1,062,658 shares of the stock were exchanged, compared to its average volume of 839,436. The stock has a market cap of $23.63 billion, a P/E ratio of 106.31, a price-to-earnings-growth ratio of 1.55 and a beta of 2.21. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $22.94. The stock's 50 day moving average price is $19.63 and its two-hundred day moving average price is $15.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently modified their holdings of SRAD. National Bank of Canada FI boosted its position in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after acquiring an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group in the fourth quarter valued at about $28,000. US Bancorp DE bought a new stake in shares of Sportradar Group in the fourth quarter valued at about $39,000. Point72 Hong Kong Ltd bought a new stake in shares of Sportradar Group in the third quarter valued at about $41,000. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Sportradar Group in the fourth quarter valued at about $43,000.

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.