Sportradar Group (NASDAQ:SRAD) Price Target Raised to $20.00

Sportradar Group (NASDAQ:SRAD) had its price objective hoisted by Citigroup from $18.00 to $20.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $16.00 in a research report on Wednesday, August 14th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. JMP Securities upgraded Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Wednesday, September 4th. Benchmark increased their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Morgan Stanley boosted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Sportradar Group Trading Up 1.3 %

SRAD stock opened at $17.73 on Thursday. Sportradar Group has a one year low of $9.17 and a one year high of $17.92. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 88.65, a price-to-earnings-growth ratio of 2.70 and a beta of 2.05. The company has a fifty day moving average price of $13.40 and a two-hundred day moving average price of $11.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Institutional Trading of Sportradar Group

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after purchasing an additional 5,733 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Sportradar Group during the third quarter worth $293,000. Jane Street Group LLC acquired a new stake in shares of Sportradar Group during the third quarter worth $479,000. Quarry LP raised its stake in Sportradar Group by 264.0% during the third quarter. Quarry LP now owns 9,792 shares of the company’s stock worth $119,000 after buying an additional 7,102 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Sportradar Group by 1,340.3% in the third quarter. Point72 Asset Management L.P. now owns 96,500 shares of the company’s stock valued at $1,169,000 after buying an additional 89,800 shares during the period.

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.