Citigroup Raises Sportradar Group (NASDAQ:SRAD) Price Target to $27.00

Sportradar Group (NASDAQ:SRAD) had its price target increased by equities researchers at Citigroup from $25.00 to $27.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 20.97% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Guggenheim assumed coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Benchmark upped their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $22.32 on Thursday. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $23.00. The stock has a market capitalization of $24.81 billion, a price-to-earnings ratio of 111.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a fifty day moving average of $21.01 and a 200-day moving average of $16.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRAD. Greenhouse Funds LLLP raised its holdings in 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 purchasing an additional 193,962 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Sportradar Group by 14.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after purchasing an additional 463,441 shares in the last quarter. Unisphere Establishment bought a new position in Sportradar Group in the 4th quarter worth $51,596,000. Granahan Investment Management LLC raised its holdings in Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock worth $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Sportradar Group by 47.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after purchasing an additional 454,826 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.