Canaccord Genuity Group Raises Sportradar Group (NASDAQ:SRAD) Price Target to $30.00

Sportradar Group (NASDAQ:SRAD) had its price target raised by stock analysts at Canaccord Genuity Group from $28.00 to $30.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 34.41% from the stock’s current price.

A number of other research analysts have also commented on SRAD. Guggenheim assumed coverage on Sportradar Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target for the company. Citigroup upped their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upped their target price on Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Financial Group upped their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC upped their target price on Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Trading Up 0.1 %

SRAD opened at $22.32 on Thursday. The business has a 50 day simple moving average of $21.01 and a two-hundred day simple moving average of $16.92. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19. 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 one year low of $9.17 and a one year high of $23.00.

Institutional Trading of Sportradar Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Greenhouse Funds LLLP grew its stake in shares of Sportradar Group by 2.0% in the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock worth $170,868,000 after buying an additional 193,962 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after purchasing an additional 463,441 shares during the last quarter. Unisphere Establishment purchased a new stake in Sportradar Group during the 4th quarter valued at $51,596,000. Granahan Investment Management LLC boosted its stake in Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock valued at $24,370,000 after purchasing an additional 454,826 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.