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

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

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

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $17.73 on Thursday. The firm’s 50 day moving average is $13.40 and its two-hundred day moving average is $11.80. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $17.92. The firm has a market capitalization of $19.71 billion, a P/E ratio of 88.65, a PEG ratio of 2.70 and a beta of 2.05. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Trading of Sportradar Group

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its holdings in Sportradar Group by 142.7% during the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock worth $837,000 after buying an additional 40,621 shares in the last quarter. Millennium Management LLC boosted its stake in Sportradar Group by 133.7% in the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after purchasing an additional 935,909 shares during the period. Renaissance Technologies LLC boosted 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 worth $3,843,000 after purchasing an additional 135,800 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Sportradar Group in the 3rd quarter worth approximately $2,617,000. Finally, Roubaix Capital LLC acquired a new position in Sportradar Group in the 3rd quarter worth approximately $4,131,000.

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.