JPMorgan Chase & Co. Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $14.00

Sportradar Group (NASDAQ:SRAD – Get Rating) had its price objective trimmed by JPMorgan Chase & Co. from $15.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

SRAD has been the subject of a number of other research reports. Needham & Company LLC decreased their target price on Sportradar Group from $17.00 to $15.00 and set a buy rating for the company in a report on Thursday. UBS Group raised their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a neutral rating in a research report on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Sportradar Group from $14.00 to $13.00 in a research report on Thursday. Jefferies Financial Group downgraded Sportradar Group from a buy rating to a hold rating and decreased their price objective for the stock from $18.00 to $10.00 in a research note on Monday, January 9th. Finally, Morgan Stanley began coverage on Sportradar Group in a research note on Monday, November 21st. They issued an equal weight rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.25.

Sportradar Group Stock Down 1.4 %

Shares of SRAD opened at $10.29 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 2.06. Sportradar Group has a 1 year low of $7.10 and a 1 year high of $17.45. The stock has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $10.58. The firm has a market cap of $11.42 billion, a P/E ratio of 205.84 and a beta of 1.99.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds have recently made changes to their positions in SRAD. Geode Capital Management LLC increased its holdings in shares of Sportradar Group by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 174,584 shares of the company’s stock valued at $1,738,000 after purchasing an additional 990 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Sportradar Group by 100.0% during the third quarter. North Star Investment Management Corp. now owns 5,000 shares of the company’s stock worth $44,000 after buying an additional 2,500 shares during the period. Trexquant Investment LP boosted its holdings in Sportradar Group by 29.3% in the third quarter. Trexquant Investment LP now owns 19,012 shares of the company’s stock valued at $167,000 after purchasing an additional 4,312 shares during the period. Toroso Investments LLC boosted its holdings in Sportradar Group by 34.1% in the fourth quarter. Toroso Investments LLC now owns 17,861 shares of the company’s stock valued at $178,000 after purchasing an additional 4,539 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in Sportradar Group in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 15.07% of the company’s stock.

About Sportradar Group

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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.