Sportradar Group (NASDAQ:SRAD) Given New $27.00 Price Target at JPMorgan Chase & Co.

Sportradar Group (NASDAQ:SRAD) had its target price raised by JPMorgan Chase & Co. from $26.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.79% from the stock’s current price.

A number of other brokerages also recently issued reports on SRAD. Guggenheim assumed coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price target on the stock. 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, March 20th. Jefferies Financial Group lifted their target price on Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Citigroup raised their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 target price on shares of Sportradar Group in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.78.

Sportradar Group Trading Up 1.2 %

Shares of NASDAQ:SRAD opened at $21.99 on Wednesday. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $23.60. The stock’s 50-day simple moving average is $21.36 and its two-hundred day simple moving average is $17.51. 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 stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 107.36, a PEG ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Analysts expect that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors have recently made changes to their positions in SRAD. Silvercrest Asset Management Group LLC grew its position in Sportradar Group by 1.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock valued at $755,000 after buying an additional 691 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after acquiring an additional 1,272 shares in the last quarter. LPL Financial LLC grew its position in shares of Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after acquiring an additional 1,287 shares during the period. XTX Topco Ltd increased its stake in shares of Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock valued at $444,000 after purchasing an additional 1,414 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after purchasing an additional 1,462 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.