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

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

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

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $22.32 on Thursday. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $23.00. The firm has a market capitalization of $24.81 billion, a PE ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19. The business’s 50 day moving average is $21.01 and its 200-day moving average is $16.95. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors have recently bought and sold shares of the business. Greenhouse Funds LLLP raised its position in Sportradar Group by 2.0% in the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock valued at $170,868,000 after purchasing an additional 193,962 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after acquiring an additional 463,441 shares during the last quarter. Unisphere Establishment bought a new stake in shares of Sportradar Group during the fourth quarter worth $51,596,000. Granahan Investment Management LLC raised its position in shares of Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock worth $34,836,000 after acquiring an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after acquiring an additional 454,826 shares during 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.