Sportradar Group (NASDAQ:SRAD) Price Target Raised to $26.00 at JPMorgan Chase & Co.

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its target price increased by analysts at JPMorgan Chase & Co. from $20.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 13.09% from the stock's current price.

Other research analysts also recently issued reports about the company. JMP Securities restated a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. Canaccord Genuity Group lifted their price objective on Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Guggenheim initiated coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They set a "buy" rating and a $27.00 target price on the stock. Citigroup boosted their price target 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. Finally, Jefferies Financial Group increased their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.

Sportradar Group Trading Up 3.0 %

Shares of NASDAQ SRAD traded up $0.67 during mid-day trading on Thursday, reaching $22.99. The company had a trading volume of 765,526 shares, compared to its average volume of 611,999. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $23.12. The business's 50-day moving average is $21.10 and its 200-day moving average is $17.07. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 114.96, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Equities analysts expect that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Silvercrest Asset Management Group LLC grew its holdings in Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after purchasing an additional 691 shares during the last quarter. Aurora Investment Counsel boosted its position in shares of Sportradar Group by 0.4% in the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock worth $2,186,000 after purchasing an additional 706 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after buying an additional 1,272 shares during the last quarter. LPL Financial LLC increased its position in Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after buying an additional 1,287 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after buying an additional 1,414 shares during the last quarter.

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.