Sportradar Group (NASDAQ:SRAD) Price Target Raised to $36.00

Sportradar Group (NASDAQ:SRAD) had its target price upped by JMP Securities from $30.00 to $36.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

A number of other research firms have also weighed in on SRAD. Jefferies Financial Group upped their price objective on Sportradar Group from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. Morgan Stanley upped their price objective on Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Zacks Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. The Goldman Sachs Group began coverage on Sportradar Group in a research report on Monday, July 21st. They issued a “neutral” rating and a $31.00 target price on the stock. Finally, Macquarie began coverage on Sportradar Group in a research report on Friday, June 20th. They issued an “outperform” rating and a $32.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and an average target price of $30.88.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $30.87 on Wednesday. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 85.75 and a beta of 2.07. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $29.59 and a 200-day moving average price of $25.24. Sportradar Group has a twelve month low of $11.45 and a twelve month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The firm had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRAD. ORG Partners LLC raised its position in Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 962 shares during the period. Pacer Advisors Inc. raised its position in Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock valued at $38,000 after purchasing an additional 537 shares during the period. TD Private Client Wealth LLC raised its position in Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock valued at $44,000 after purchasing an additional 1,529 shares during the period. SBI Securities Co. Ltd. raised its position in Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock valued at $46,000 after purchasing an additional 551 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after purchasing an additional 1,620 shares during the period.

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.