Sportradar Group (NASDAQ:SRAD) Upgraded to Overweight by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Sportradar Group (NASDAQ:SRAD - Free Report) from a neutral rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm currently has $15.00 target price on the stock, up from their prior target price of $12.00.

SRAD has been the topic of a number of other reports. Morgan Stanley upped their target price on shares of Sportradar Group from $11.50 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, July 12th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities raised Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price target for the company in a report on Wednesday, September 4th. Jefferies Financial Group raised Sportradar Group from a "hold" rating to a "buy" rating and upped their price target for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Finally, Benchmark upped their price target on Sportradar Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.25.

Sportradar Group Stock Up 2.9 %

Shares of SRAD stock traded up $0.37 during trading hours on Monday, reaching $12.76. 1,012,956 shares of the stock were exchanged, compared to its average volume of 395,276. The business's fifty day moving average is $11.89 and its two-hundred day moving average is $11.05. 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 12-month low of $8.08 and a 12-month high of $13.20. The firm has a market capitalization of $14.18 billion, a P/E ratio of 141.74, a P/E/G ratio of 15.60 and a beta of 2.06.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently modified their holdings of SRAD. Acadian Asset Management LLC acquired a new stake in shares of Sportradar Group in the first quarter valued at approximately $263,000. Quadrature Capital Ltd acquired a new stake in shares of Sportradar Group during the first quarter worth $515,000. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group during the first quarter worth $60,000. Aristides Capital LLC acquired a new stake in shares of Sportradar Group during the first quarter worth $281,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Sportradar Group by 23.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company's stock worth $295,000 after purchasing an additional 4,789 shares during the period.

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.