Benchmark Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its target price lifted by Benchmark from $24.00 to $26.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC boosted their price target on Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group boosted their price objective on Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. Jefferies Financial Group boosted their price target on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Guggenheim began coverage on Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $22.30 on Thursday. The business’s 50 day moving average price is $20.95 and its two-hundred day moving average price is $16.84. The company has a market cap of $24.79 billion, a PE ratio of 111.51, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. 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 twelve month low of $9.17 and a twelve month high of $23.23.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRAD. Unisphere Establishment bought a new stake in Sportradar Group during the fourth quarter worth $51,596,000. Portolan Capital Management LLC bought a new stake in Sportradar Group during the third quarter worth $12,061,000. Granahan Investment Management LLC increased its holdings in shares of Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock worth $34,836,000 after buying an additional 930,310 shares in the last quarter. Sellaronda Global Management LP acquired a new position in shares of Sportradar Group during the fourth quarter worth $14,739,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of Sportradar Group during the fourth quarter worth $14,029,000.

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.