Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Sportradar Group (NASDAQ:SRAD) had its price target upped by Needham & Company LLC from $18.00 to $27.00 in a research report report published on Thursday, MarketBeat Ratings reports. Needham & Company LLC currently has a buy rating on the stock.

SRAD has been the topic of a number of other reports. Canaccord Genuity Group raised their target price on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Citigroup lifted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Finally, Guggenheim began coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Sportradar Group Stock Performance

SRAD stock opened at $22.30 on Thursday. 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 stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 111.51, a PEG ratio of 1.53 and a beta of 2.19. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.23. The stock’s fifty day moving average is $20.95 and its two-hundred day moving average is $16.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in Sportradar Group during the fourth quarter worth about $1,236,000. Public Employees Retirement System of Ohio acquired a new position in Sportradar Group during the fourth quarter worth about $3,100,000. Voloridge Investment Management LLC acquired a new position in Sportradar Group during the fourth quarter worth about $6,801,000. Two Sigma Advisers LP grew its holdings in Sportradar Group by 659.5% during the fourth quarter. Two Sigma Advisers LP now owns 168,600 shares of the company’s stock worth $2,924,000 after acquiring an additional 146,400 shares during the period. Finally, Two Sigma Investments LP increased its stake in Sportradar Group by 134.9% in the 4th quarter. Two Sigma Investments LP now owns 534,270 shares of the company’s stock worth $9,264,000 after purchasing an additional 306,788 shares in the last quarter.

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.