Macquarie Initiates Coverage on Sportradar Group (NASDAQ:SRAD)

Investment analysts at Macquarie began coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a research note issued on Friday,Benzinga reports. The firm set an "outperform" rating and a $32.00 price target on the stock. Macquarie's price objective points to a potential upside of 26.98% from the company's current price.

Other equities analysts have also issued reports about the stock. Benchmark increased their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Monday, May 12th. Citigroup increased their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Jefferies Financial Group lifted their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Canaccord Genuity Group increased their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $27.38.

Sportradar Group Trading Up 1.6%

Shares of NASDAQ SRAD opened at $25.20 on Friday. Sportradar Group has a 1-year low of $10.06 and a 1-year high of $25.85. The company has a 50-day moving average of $23.71 and a two-hundred day moving average of $21.32. The company has a market cap of $28.04 billion, a PE ratio of 132.64 and a beta of 2.04. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The firm had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC lifted its stake in Sportradar Group by 34.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company's stock valued at $31,574,000 after acquiring an additional 378,163 shares in the last quarter. Integrity Alliance LLC. acquired a new position in Sportradar Group during the first quarter worth $321,000. Goldman Sachs Group Inc. grew its position in Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company's stock valued at $13,197,000 after purchasing an additional 388,769 shares in the last quarter. Nixon Capital LLC increased its stake in Sportradar Group by 8.2% in the 1st quarter. Nixon Capital LLC now owns 519,059 shares of the company's stock valued at $11,222,000 after buying an additional 39,321 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Sportradar Group during the 1st quarter worth about $573,000.

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.

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