Sportradar Group (NASDAQ:SRAD – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $16.00 target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 46.79% from the stock’s current price.
SRAD has been the subject of a number of other research reports. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Wednesday. Morgan Stanley boosted their price target on Sportradar Group from $11.50 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, July 12th. Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $12.00 to $16.00 in a research note on Wednesday. JPMorgan Chase & Co. started coverage on Sportradar Group in a research note on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of Sportradar Group in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.43.
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Sportradar Group Stock Up 0.3 %
Institutional Trading of Sportradar Group
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Sportradar Group by 133.7% during the second 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 last quarter. Marshall Wace LLP raised its position in shares of Sportradar Group by 152.8% during the second quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock worth $4,380,000 after purchasing an additional 236,831 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Sportradar Group during the second quarter worth approximately $8,392,000. Hsbc Holdings PLC acquired a new position in shares of Sportradar Group during the second quarter worth approximately $189,000. Finally, Renaissance Technologies LLC raised its position in shares of Sportradar Group by 65.3% during the second 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.
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.
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