Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, Benchmark Analyst Says

Sportradar Group (NASDAQ:SRAD) had its target price increased by Benchmark from $24.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 16.49% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Guggenheim started coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price on the stock. Citigroup lifted their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Needham & Company LLC raised their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Sportradar Group Trading Up 0.1 %

Shares of Sportradar Group stock opened at $22.32 on Thursday. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $24.81 billion, a P/E ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19. The company’s fifty day moving average is $21.01 and its two-hundred day moving average is $16.92.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Greenhouse Funds LLLP lifted its position 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 lifted its position in shares of 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 buying an additional 463,441 shares during the last quarter. Unisphere Establishment bought a new position in shares of Sportradar Group in the 4th quarter worth about $51,596,000. Granahan Investment Management LLC lifted its position 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 valued at $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 valued at $24,370,000 after purchasing an additional 454,826 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.