Sportradar Group (NASDAQ:SRAD) Price Target Raised to $19.00 at JMP Securities

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price objective raised by JMP Securities from $17.00 to $19.00 in a report issued on Monday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. JMP Securities' price objective suggests a potential upside of 4.91% from the stock's current price.

SRAD has been the topic of a number of other reports. 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. Benchmark raised their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. Finally, Citigroup boosted their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $16.38.

Sportradar Group Stock Up 2.0 %

SRAD stock traded up $0.36 during trading on Monday, hitting $18.11. 803,964 shares of the company's stock were exchanged, compared to its average volume of 760,915. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 90.55, a PEG ratio of 2.12 and a beta of 2.18. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $18.46. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $16.52 and a two-hundred day moving average price of $13.33.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently modified their holdings of SRAD. GSA Capital Partners LLP increased its stake in Sportradar Group by 142.7% in the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company's stock valued at $837,000 after buying an additional 40,621 shares during the period. Millennium Management LLC boosted its holdings in shares of Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company's stock valued at $18,292,000 after acquiring an additional 935,909 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company's stock worth $3,843,000 after acquiring an additional 135,800 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Sportradar Group during the third quarter worth about $2,617,000. Finally, Roubaix Capital LLC acquired a new stake in Sportradar Group in the third quarter valued at about $4,131,000.

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.