Benchmark Increases Sportradar Group (NASDAQ:SRAD) Price Target to $16.00

Sportradar Group (NASDAQ:SRAD) had its price target lifted by analysts at Benchmark from $14.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 9.89% from the stock’s current price.

SRAD has been the topic of a number of other research reports. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Wednesday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Morgan Stanley raised their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.63.

Sportradar Group Trading Up 1.7 %

NASDAQ:SRAD opened at $14.56 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $12.21 and its two-hundred day moving average is $11.22. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $14.61. The company has a market cap of $16.18 billion, a PE ratio of 161.80, a P/E/G ratio of 15.93 and a beta of 2.05.

Institutional Trading of Sportradar Group

Several large investors have recently added to or reduced their stakes in SRAD. Millennium Management LLC increased its position in Sportradar Group by 133.7% in the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after acquiring an additional 935,909 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Sportradar Group during the 2nd quarter valued at $8,392,000. Roubaix Capital LLC acquired a new position in shares of Sportradar Group during the 3rd quarter valued at $4,131,000. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Sportradar Group during the 3rd quarter valued at $3,246,000. Finally, Marshall Wace LLP increased its position in shares of Sportradar Group by 152.8% during the 2nd quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock valued at $4,380,000 after purchasing an additional 236,831 shares during the period.

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.