Sportradar Group (NASDAQ:SRAD) Price Target Raised to $28.00 at Canaccord Genuity Group

Sportradar Group (NASDAQ:SRAD) had its target price boosted by Canaccord Genuity Group from $20.00 to $28.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

SRAD has been the subject of a number of other research reports. Benchmark upped their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Citigroup upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. 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 note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.75.

Sportradar Group Stock Up 1.3 %

SRAD stock opened at $22.50 on Tuesday. The company has a market cap of $25.01 billion, a price-to-earnings ratio of 112.51, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group has a 12 month low of $9.17 and a 12 month high of $22.94. The company has a fifty day moving average price of $19.25 and a 200 day moving average price of $15.33.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds have recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC lifted its stake in Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock valued at $755,000 after buying an additional 691 shares during the last quarter. Aurora Investment Counsel lifted its stake in Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after buying an additional 706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after buying an additional 1,272 shares during the last quarter. LPL Financial LLC lifted its stake in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after buying an additional 1,287 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in shares of Sportradar Group by 5.8% during the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock valued at $444,000 after purchasing an additional 1,414 shares in 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.