Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Sportradar Group (NASDAQ:SRAD) had its target price lifted by equities research analysts at Jefferies Financial Group from $23.00 to $27.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 20.04% from the company’s previous close.

Several other brokerages have also recently weighed in on SRAD. Needham & Company LLC boosted their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities restated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Canaccord Genuity Group lifted their price target on Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup lifted their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Guggenheim initiated coverage on Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.89.

Sportradar Group Price Performance

NASDAQ:SRAD traded down $0.31 during trading hours on Thursday, reaching $22.49. The stock had a trading volume of 1,824,121 shares, compared to its average volume of 610,080. The stock has a market capitalization of $25.00 billion, a PE ratio of 112.15, a PEG ratio of 1.53 and a beta of 2.19. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $22.94. The company has a 50 day moving average price of $20.87 and a two-hundred day moving average price of $16.80. 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

Several hedge funds have recently modified their holdings of the company. National Bank of Canada FI grew its position in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Sportradar Group in the fourth quarter valued at approximately $28,000. US Bancorp DE acquired a new stake in shares of Sportradar Group in the fourth quarter worth approximately $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group during the third quarter worth approximately $41,000. Finally, Loomis Sayles & Co. L P acquired a new position in Sportradar Group in the 4th quarter valued at $43,000.

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.