JPMorgan Chase & Co. upgraded shares of Sportradar Group (NASDAQ:SRAD – Free Report) from a neutral rating to an overweight rating in a report published on Monday, Marketbeat Ratings reports. The firm currently has $15.00 price target on the stock, up from their prior price target of $12.00.
Several other research firms have also commented on SRAD. Benchmark raised their price objective on shares of Sportradar Group from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Wednesday, September 4th. Morgan Stanley lifted their target price on Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a report on Friday, July 12th. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.25.
Read Our Latest Research Report on SRAD
Sportradar Group Price Performance
Institutional Trading of Sportradar Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in SRAD. Millennium Management LLC grew its stake in shares of Sportradar Group by 133.7% in the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after purchasing an additional 935,909 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Sportradar Group during the second quarter worth $8,392,000. Marshall Wace LLP grew its position in Sportradar Group by 152.8% in the 2nd quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock valued at $4,380,000 after buying an additional 236,831 shares during the last quarter. Renaissance Technologies LLC increased its stake in Sportradar Group by 65.3% in the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after buying an additional 135,800 shares during the period. Finally, AM Investment Strategies LLC raised its position in Sportradar Group by 31.1% during the 2nd quarter. AM Investment Strategies LLC now owns 465,540 shares of the company’s stock worth $5,205,000 after buying an additional 110,520 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.
Featured Stories
- Five stocks we like better than Sportradar Group
- Why Invest in High-Yield Dividend Stocks?
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- How to buy stock: A step-by-step guide for beginners
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- What is Short Interest? How to Use It
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Sportradar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sportradar Group and related companies with MarketBeat.com's FREE daily email newsletter.