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

Sportradar Group (NASDAQ:SRAD) had its target price upped by Citigroup from $25.00 to $27.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on SRAD. 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. Guggenheim assumed coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target for the company. JMP Securities reissued a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. Benchmark boosted their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Price Performance

SRAD stock opened at $22.30 on Thursday. Sportradar Group has a 12 month low of $9.17 and a 12 month 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 company has a 50-day moving average price of $20.95 and a 200 day moving average price of $16.84. The stock has a market cap of $24.79 billion, a PE ratio of 111.51, a P/E/G ratio of 1.53 and a beta of 2.19.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently modified their holdings of SRAD. Unisphere Establishment bought a new stake in shares of Sportradar Group in the 4th quarter valued at about $51,596,000. Portolan Capital Management LLC bought a new stake in shares of Sportradar Group in the 3rd quarter valued at about $12,061,000. Granahan Investment Management LLC raised its holdings in shares of Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Sellaronda Global Management LP bought a new stake in shares of Sportradar Group in the 4th quarter valued at about $14,739,000. Finally, Penn Capital Management Company LLC bought a new stake in shares of Sportradar Group in the 4th quarter valued at about $14,029,000.

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.