Sportradar Group (NASDAQ:SRAD) Price Target Raised to $26.00

Sportradar Group (NASDAQ:SRAD) had its target price hoisted by analysts at Benchmark from $24.00 to $26.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 17.97% from the stock’s current price.

Several other equities research analysts have also commented on SRAD. Canaccord Genuity Group lifted their price target on shares of Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group upped their price target on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Citigroup lifted their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Guggenheim initiated coverage on Sportradar Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Needham & Company LLC lifted their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Sportradar Group Price Performance

Shares of SRAD stock traded down $0.76 during trading hours on Thursday, reaching $22.04. The company had a trading volume of 283,645 shares, compared to its average volume of 604,687. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $22.94. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 110.50, a PEG ratio of 1.53 and a beta of 2.19. The stock has a fifty day moving average of $20.87 and a 200-day moving average of $16.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Greenhouse Funds LLLP raised its position in Sportradar Group by 2.0% in the fourth 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 lifted its holdings in shares of Sportradar Group by 14.9% in the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after purchasing an additional 463,441 shares in the last quarter. Unisphere Establishment acquired a new position in shares of Sportradar Group during the fourth quarter worth about $51,596,000. Granahan Investment Management LLC lifted its position in shares of Sportradar Group by 86.2% in the fourth 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 boosted its holdings in Sportradar Group by 47.8% during the fourth 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 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.