Jefferies Financial Group Forecasts Strong Price Appreciation for Sportradar Group (NASDAQ:SRAD) Stock

Sportradar Group (NASDAQ:SRAD) had its price target increased by analysts at Jefferies Financial Group from $17.00 to $23.00 in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 15.00% from the stock’s current price.

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

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $20.00 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a fifty day moving average of $17.53 and a 200 day moving average of $13.74. The firm has a market cap of $22.23 billion, a PE ratio of 100.01, a PEG ratio of 1.47 and a beta of 2.18. Sportradar Group has a one year low of $9.17 and a one year high of $20.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its holdings in Sportradar Group by 187.4% in 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 period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 valued at $48,000 after acquiring an additional 1,272 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group in the 3rd quarter worth approximately $41,000. Barclays PLC boosted its position 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, nVerses Capital LLC increased its holdings in Sportradar Group by 45.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after purchasing an additional 2,000 shares during 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.