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

Sportradar Group (NASDAQ:SRAD) had its price objective hoisted by equities research analysts at Jefferies Financial Group from $17.00 to $23.00 in a report issued on Wednesday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 15.00% from the stock’s current price.

Several other brokerages have also recently issued reports on SRAD. JMP Securities upped their price objective on shares of Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $15.00 in a report on Monday, October 21st. Benchmark boosted their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley raised their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, 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 research report on Thursday, November 21st. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Sportradar Group Price Performance

NASDAQ:SRAD opened at $20.00 on Wednesday. The stock has a 50 day moving average of $17.27 and a two-hundred day moving average of $13.66. Sportradar Group has a 12 month low of $9.17 and a 12 month high of $20.00. The firm has a market cap of $22.23 billion, a P/E ratio of 100.01, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aurora Investment Counsel boosted its stake in Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock worth $2,186,000 after buying an additional 706 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares in the last quarter. Quarry LP grew its stake in shares of Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after buying an additional 1,754 shares in the last quarter. nVerses Capital LLC lifted its stake in Sportradar Group by 45.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group in the third quarter worth $41,000.

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.