Sportradar Group (NASDAQ:SRAD) Price Target Raised to $27.00

Sportradar Group (NASDAQ:SRAD) had its price target boosted by JPMorgan Chase & Co. from $26.00 to $27.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Benchmark raised their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Wednesday. Guggenheim initiated coverage on Sportradar Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Citigroup boosted their target price on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and an average target price of $26.00.

Sportradar Group Stock Performance

Shares of SRAD opened at $20.32 on Wednesday. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $23.60. 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 50 day moving average price of $21.39 and a two-hundred day moving average price of $17.63. The firm has a market capitalization of $22.61 billion, a P/E ratio of 101.61, a P/E/G ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Equities analysts forecast that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI lifted its stake in 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 purchasing an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group in the 4th quarter valued at about $28,000. US Bancorp DE purchased a new stake in Sportradar Group during the 4th quarter valued at about $39,000. Point72 Hong Kong Ltd bought a new position in Sportradar Group during the 3rd quarter worth approximately $41,000. Finally, Loomis Sayles & Co. L P purchased a new position in Sportradar Group in the 4th quarter worth approximately $43,000.

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.