Sportradar Group’s (SRAD) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Sportradar Group (NASDAQ:SRAD) in a research report report published on Monday morning,Benzinga reports. They currently have a $19.00 target price on the stock.

SRAD has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. 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. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $12.00 to $15.00 in a report on Monday, October 21st. Citigroup lifted their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Sportradar Group Stock Performance

Shares of SRAD opened at $20.14 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group has a one year low of $9.17 and a one year high of $20.92. The firm has a market capitalization of $22.38 billion, a PE ratio of 100.71, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. The company has a 50-day simple moving average of $18.02 and a two-hundred day simple moving average of $14.24.

Institutional Trading of Sportradar Group

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Sportradar Group by 187.4% in 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 in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Sportradar Group during the third quarter valued at approximately $41,000. R Squared Ltd bought a new position in Sportradar Group in the 4th quarter valued at $44,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after acquiring an additional 5,733 shares during the period.

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.