JPMorgan Chase & Co. Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its price objective raised by JPMorgan Chase & Co. from $20.00 to $26.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also recently weighed in on SRAD. Benchmark raised their price target on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Guggenheim initiated coverage on Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target for the company. Finally, Jefferies Financial Group raised their price target on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Trading Down 2.2 %

Shares of SRAD opened at $22.30 on Thursday. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.23. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $20.95 and a 200-day simple moving average of $16.84. The stock has a market cap of $24.79 billion, a PE ratio of 111.51, a PEG ratio of 1.53 and a beta of 2.19.

Institutional Investors Weigh In On Sportradar Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI increased its stake in shares of Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after buying an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group in the 4th quarter worth $28,000. US Bancorp DE bought a new position in shares of Sportradar Group in the 4th quarter worth $39,000. Loomis Sayles & Co. L P bought a new position in shares of Sportradar Group in the 4th quarter worth $43,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group in the 4th quarter worth $44,000.

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.