Sportradar Group (NASDAQ:SRAD) Given New $27.00 Price Target at Jefferies Financial Group

Sportradar Group (NASDAQ:SRAD) had its price target lifted by equities research analysts at Jefferies Financial Group from $23.00 to $27.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 20.04% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Benchmark raised their target price on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities restated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Canaccord Genuity Group increased their price target on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC lifted their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.89.

Sportradar Group Stock Performance

Shares of SRAD stock traded down $0.31 on Thursday, reaching $22.49. The stock had a trading volume of 1,824,121 shares, compared to its average volume of 610,080. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $22.94. The stock has a market cap of $25.00 billion, a P/E ratio of 112.15, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a 50 day simple moving average of $20.87 and a 200 day simple moving average of $16.80.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new stake in shares of Sportradar Group during the fourth quarter worth about $1,236,000. Public Employees Retirement System of Ohio purchased a new stake in Sportradar Group during the 4th quarter valued at approximately $3,100,000. Voloridge Investment Management LLC purchased a new stake in Sportradar Group during the 4th quarter valued at approximately $6,801,000. Two Sigma Advisers LP lifted its holdings in shares of Sportradar Group by 659.5% in the fourth quarter. Two Sigma Advisers LP now owns 168,600 shares of the company’s stock worth $2,924,000 after buying an additional 146,400 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Sportradar Group by 134.9% during the fourth quarter. Two Sigma Investments LP now owns 534,270 shares of the company’s stock worth $9,264,000 after acquiring an additional 306,788 shares during the last quarter.

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.