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

Sportradar Group (NASDAQ:SRAD) had its target price hoisted by research analysts at Jefferies Financial Group from $17.00 to $23.00 in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage 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.

SRAD has been the subject of several other research reports. JMP Securities boosted their price target on shares of Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. Benchmark increased their target price on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, Morgan Stanley raised their price objective on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Sportradar Group Price Performance

SRAD opened at $20.00 on Wednesday. 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’s fifty day simple moving average is $17.27 and its 200-day simple moving average is $13.66. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 100.01, a PEG ratio of 2.12 and a beta of 2.18. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $20.00.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP raised its stake in shares of Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after buying an additional 1,754 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Sportradar Group in the third quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Sportradar Group by 85.4% in the 4th 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. Barclays PLC grew its stake in shares of Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after purchasing an additional 5,733 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Sportradar Group during the 2nd quarter worth approximately $75,000.

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.