Sportradar Group (NASDAQ:SRAD – Get Free Report) had its price objective lifted by research analysts at Morgan Stanley from $12.00 to $13.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 4.08% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $15.00 in a report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Wednesday, August 14th. Benchmark increased their target price on shares of Sportradar Group from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JMP Securities upgraded shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Wednesday, September 4th. Finally, Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $16.00 in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.38.
Check Out Our Latest Research Report on SRAD
Sportradar Group Stock Down 2.1 %
Institutional Trading of Sportradar Group
Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after acquiring an additional 935,909 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of Sportradar Group in the 2nd quarter worth approximately $8,392,000. Marshall Wace LLP lifted its stake in Sportradar Group by 152.8% in the second quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock valued at $4,380,000 after purchasing an additional 236,831 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company’s stock valued at $3,843,000 after purchasing an additional 135,800 shares during the period. Finally, AM Investment Strategies LLC increased its position in Sportradar Group by 31.1% in the second quarter. AM Investment Strategies LLC now owns 465,540 shares of the company’s stock worth $5,205,000 after buying an additional 110,520 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.
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