Sportradar Group (NASDAQ:SRAD) Given New $26.00 Price Target at JPMorgan Chase & Co.

Sportradar Group (NASDAQ:SRAD) had its target price raised by JPMorgan Chase & Co. from $20.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 15.31% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Benchmark lifted their target price on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group lifted their price target on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Citigroup lifted 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. Needham & Company LLC lifted their price target on Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a report on Thursday. Finally, Guggenheim assumed coverage on Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Sportradar Group has an average rating of “Moderate Buy” and a consensus target price of $23.22.

Sportradar Group Price Performance

Shares of NASDAQ SRAD traded down $0.25 during mid-day trading on Thursday, reaching $22.55. The company had a trading volume of 736,792 shares, compared to its average volume of 928,670. 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 market cap of $25.06 billion, a PE ratio of 112.75, a P/E/G ratio of 1.53 and a beta of 2.19. The company has a 50-day moving average price of $20.87 and a two-hundred day moving average price of $16.80. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $23.00.

Institutional Trading of Sportradar Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI lifted its position in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sportradar Group in the fourth quarter worth about $28,000. US Bancorp DE acquired a new stake in shares of Sportradar Group in the fourth quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group in the fourth quarter worth about $43,000. Finally, R Squared Ltd acquired a new stake in shares of Sportradar Group in the fourth quarter worth about $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.