Sportradar Group’s (SRAD) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities restated their market outperform rating on shares of Sportradar Group (NASDAQ:SRAD) in a report issued on Monday,Benzinga reports. JMP Securities currently has a $19.00 price objective on the stock.

Other analysts have also issued reports about the company. Citigroup raised their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group increased their price objective on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. Benchmark boosted 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, JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $15.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Stock Performance

SRAD opened at $20.14 on Monday. The firm has a market cap of $22.38 billion, a P/E ratio of 100.71, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. 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 52-week low of $9.17 and a 52-week high of $20.92. The business’s fifty day moving average is $18.02 and its 200-day moving average is $14.24.

Hedge Funds Weigh In On Sportradar Group

Institutional investors have recently modified their holdings of the business. Quarry LP increased its holdings in Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Sportradar Group in the third quarter valued at approximately $41,000. R Squared Ltd purchased a new position in Sportradar Group in the fourth quarter worth $44,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 worth $48,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Barclays PLC grew its position in Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after acquiring an additional 5,733 shares during the last quarter.

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.