JMP Securities Forecasts Strong Price Appreciation for Sportradar Group (NASDAQ:SRAD) Stock

Sportradar Group (NASDAQ:SRAD) had its price target increased by research analysts at JMP Securities from $17.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price target indicates a potential upside of 4.68% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Thursday, November 7th. Citigroup boosted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Morgan Stanley upped their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Benchmark raised their price objective 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.38.

Sportradar Group Trading Up 0.2 %

Shares of NASDAQ SRAD opened at $18.15 on Monday. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $18.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The business’s 50 day moving average is $16.63 and its two-hundred day moving average is $13.38. The stock has a market capitalization of $20.17 billion, a P/E ratio of 90.75, a PEG ratio of 2.12 and a beta of 2.18.

Institutional Investors Weigh In On Sportradar Group

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after acquiring an additional 28,878 shares during the period. Barclays PLC increased its holdings in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after purchasing an additional 5,733 shares during the period. XTX Topco Ltd purchased a new position in Sportradar Group during the 3rd quarter worth $293,000. Jane Street Group LLC bought a new stake in Sportradar Group during the 3rd quarter valued at $479,000. Finally, Quarry LP lifted its holdings in shares of Sportradar Group by 264.0% in the 3rd quarter. Quarry LP now owns 9,792 shares of the company’s stock worth $119,000 after buying an additional 7,102 shares during the period.

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.