Sportradar Group (NASDAQ:SRAD) Given New $13.00 Price Target at Jefferies Financial Group

Sportradar Group (NASDAQ:SRADFree Report) had its price objective hoisted by Jefferies Financial Group from $10.00 to $13.00 in a report issued on Monday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other analysts have also recently issued reports on SRAD. JPMorgan Chase & Co. lifted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an overweight rating in a research note on Thursday, March 21st. Citigroup lifted their price target on shares of Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday. Canaccord Genuity Group reissued a buy rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Thursday, March 21st. Finally, Needham & Company LLC reaffirmed a buy rating and set a $15.00 target price on shares of Sportradar Group in a research report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $13.78.

View Our Latest Report on Sportradar Group

Sportradar Group Price Performance

SRAD stock opened at $11.24 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.19. Sportradar Group has a 52 week low of $8.08 and a 52 week high of $15.56.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Sportradar Group by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 174,584 shares of the company’s stock valued at $1,738,000 after buying an additional 990 shares during the period. BlackRock Inc. boosted its stake in shares of Sportradar Group by 13.8% in the 2nd quarter. BlackRock Inc. now owns 9,715 shares of the company’s stock valued at $125,000 after purchasing an additional 1,178 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Sportradar Group by 4.3% in the 4th quarter. Truist Financial Corp now owns 33,298 shares of the company’s stock valued at $368,000 after purchasing an additional 1,373 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Sportradar Group by 122.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,852 shares of the company’s stock valued at $37,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Sportradar Group by 4.5% in the 3rd quarter. Invesco Ltd. now owns 39,143 shares of the company’s stock valued at $392,000 after purchasing an additional 1,682 shares in the last quarter.

About Sportradar Group

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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.

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Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

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