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

Sportradar Group (NASDAQ:SRAD) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $20.00 to $26.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 15.31% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC boosted their price target on Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup boosted their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their price target on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Benchmark boosted their price target on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and an average target price of $23.22.

Sportradar Group Price Performance

SRAD stock traded down $0.25 during midday trading on Thursday, hitting $22.55. 736,792 shares of the stock were exchanged, compared to its average volume of 928,670. The stock’s 50-day moving average price is $20.87 and its 200-day moving average price is $16.80. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of 112.75, a PEG ratio of 1.53 and a beta of 2.19. Sportradar Group has a fifty-two week low of $9.17 and a fifty-two week high of $23.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Institutional Investors Weigh In On Sportradar Group

A number of large investors have recently modified their holdings of the stock. Silvercrest Asset Management Group LLC grew its stake in shares of Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock valued at $755,000 after buying an additional 691 shares in the last quarter. Aurora Investment Counsel grew its stake in Sportradar Group by 0.4% during the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $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 valued at $48,000 after purchasing an additional 1,272 shares in the last quarter. LPL Financial LLC grew its stake 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 purchasing an additional 1,287 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock valued at $444,000 after purchasing an additional 1,414 shares in 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.