Sportradar Group (NASDAQ:SRAD) Price Target Increased to $14.00 by Analysts at Benchmark

Sportradar Group (NASDAQ:SRAD) had its price objective raised by Benchmark from $12.00 to $14.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

SRAD has been the topic of a number of other research reports. Jefferies Financial Group upgraded Sportradar Group from a hold rating to a buy rating and lifted their price target for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Canaccord Genuity Group reiterated a buy rating and issued a $16.00 target price on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities upgraded shares of Sportradar Group from a market perform rating to an outperform rating and set a $16.00 price target for the company in a report on Wednesday, September 4th. Needham & Company LLC reiterated a buy rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Wednesday, August 14th. Finally, Morgan Stanley lifted their target price on shares of Sportradar Group from $11.50 to $12.00 and gave the company an equal weight rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $14.88.

Sportradar Group Stock Performance

Sportradar Group stock opened at $12.41 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $13.79 billion, a P/E ratio of 137.90, a price-to-earnings-growth ratio of 15.32 and a beta of 2.06. Sportradar Group has a fifty-two week low of $8.08 and a fifty-two week high of $12.97. The firm’s 50 day simple moving average is $11.71 and its 200-day simple moving average is $11.01.

Institutional Investors Weigh In On Sportradar Group

A number of large investors have recently bought and sold shares of the business. Quarry LP raised its holdings in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after buying an additional 1,754 shares in the last quarter. nVerses Capital LLC lifted its holdings in Sportradar Group by 120.0% in the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock worth $49,000 after purchasing an additional 2,400 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Sportradar Group during the first quarter worth approximately $60,000. Point72 Asset Management L.P. acquired a new position in Sportradar Group during the second quarter valued at approximately $75,000. Finally, Bayesian Capital Management LP bought a new position in shares of Sportradar Group in the first quarter valued at approximately $158,000.

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.