Sportradar Group (NASDAQ:SRAD) Given New $23.00 Price Target at Jefferies Financial Group

Sportradar Group (NASDAQ:SRAD) had its price objective increased by Jefferies Financial Group from $17.00 to $23.00 in a report issued on Wednesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently commented on SRAD. Benchmark boosted their price target on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Morgan Stanley boosted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Citigroup boosted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, JMP Securities raised their target price on Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Sportradar Group Price Performance

NASDAQ:SRAD opened at $19.95 on Wednesday. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 99.75, a P/E/G ratio of 1.47 and a beta of 2.18. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $20.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50-day simple moving average is $17.42 and its 200 day simple moving average is $13.70.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SRAD. Portolan Capital Management LLC acquired a new position in Sportradar Group in the 3rd quarter worth about $12,061,000. Millennium Management LLC grew its holdings in shares of Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after purchasing an additional 935,909 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in Sportradar Group in the 2nd quarter valued at approximately $8,392,000. Janus Henderson Group PLC boosted its position in Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after buying an additional 463,441 shares during the period. Finally, Roubaix Capital LLC bought a new position in shares of Sportradar Group during the third quarter valued at $4,131,000.

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.