Sportradar Group (NASDAQ:SRAD) Given New $19.00 Price Target at JMP Securities

Sportradar Group (NASDAQ:SRAD) had its price target hoisted by JMP Securities from $17.00 to $19.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

A number of other brokerages also recently issued reports on SRAD. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $12.00 to $15.00 in a report on Monday, October 21st. Morgan Stanley boosted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Citigroup lifted their price objective 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. Benchmark increased their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and an average price target of $16.38.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $18.11 on Monday. The firm has a market capitalization of $20.13 billion, a P/E ratio of 90.55, a PEG ratio of 2.12 and a beta of 2.18. The stock has a 50-day simple moving average of $16.52 and a two-hundred day simple moving average of $13.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a fifty-two week low of $9.17 and a fifty-two week high of $18.46.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SRAD. GSA Capital Partners LLP increased its stake in Sportradar Group by 142.7% during the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock worth $837,000 after buying an additional 40,621 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after acquiring an additional 935,909 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock worth $3,843,000 after purchasing an additional 135,800 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Sportradar Group in the 3rd quarter valued at $2,617,000. Finally, Roubaix Capital LLC purchased a new position in Sportradar Group in the 3rd quarter valued at $4,131,000.

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.