Sportradar Group (NASDAQ:SRAD) Given New $23.00 Price Target at Jefferies Financial Group

Sportradar Group (NASDAQ:SRAD) had its price objective lifted by equities research analysts at Jefferies Financial Group from $17.00 to $23.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 15.00% from the company’s previous close.

A number of other research firms have also issued reports on SRAD. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Benchmark lifted their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley boosted their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Citigroup raised their price objective 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Sportradar Group Price Performance

Sportradar Group stock opened at $20.00 on Wednesday. The company’s 50 day moving average is $17.53 and its two-hundred day moving average is $13.74. The firm has a market cap of $22.23 billion, a PE ratio of 100.01, a price-to-earnings-growth ratio of 1.47 and a beta of 2.18. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $20.90.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently bought and sold shares of SRAD. Aurora Investment Counsel grew its holdings in shares of Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock worth $2,186,000 after purchasing an additional 706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after purchasing an additional 1,272 shares during the period. Quarry LP grew its stake in Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after buying an additional 1,754 shares during the last quarter. nVerses Capital LLC increased its position in Sportradar Group by 45.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after buying an additional 2,000 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Sportradar Group in the third quarter valued at approximately $41,000.

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.