Guggenheim Reaffirms “Buy” Rating for Sportradar Group (NASDAQ:SRAD)

Sportradar Group (NASDAQ:SRAD)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a research note issued to investors on Thursday,Benzinga reports. They presently have a $27.00 price objective on the stock. Guggenheim’s price objective would suggest a potential upside of 32.87% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group upped their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. JMP Securities reissued a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. Morgan Stanley raised their target price on Sportradar Group from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Canaccord Genuity Group increased their price objective on Sportradar Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup upped their target price on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $20.32 on Thursday. The company has a 50-day moving average of $21.39 and a 200-day moving average of $17.63. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 101.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $23.60.

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

Hedge Funds Weigh In On Sportradar Group

Hedge funds have recently added to or reduced their stakes in 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 valued at $27,000 after acquiring an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group during the 4th quarter valued at $28,000. US Bancorp DE bought a new position in shares of Sportradar Group during the 4th quarter valued at $39,000. Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group in the 4th quarter valued at $43,000. Finally, R Squared Ltd bought a new stake in Sportradar Group in the fourth quarter worth $44,000.

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.