Macquarie Begins Coverage on Sportradar Group (NASDAQ:SRAD)

Macquarie initiated coverage on shares of Sportradar Group (NASDAQ:SRAD - Free Report) in a research note published on Friday morning, Marketbeat.com reports. The firm issued an outperform rating and a $32.00 target price on the stock.

Several other equities analysts have also recently commented on the stock. BTIG Research assumed coverage on shares of Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 price target on the stock. Citigroup boosted their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Guggenheim restated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a report on Thursday, April 3rd. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Finally, Canaccord Genuity Group boosted their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.38.

Sportradar Group Trading Up 1.9%

NASDAQ SRAD traded up $0.49 on Friday, hitting $25.89. 1,636,436 shares of the stock were exchanged, compared to its average volume of 1,024,340. Sportradar Group has a 52-week low of $10.06 and a 52-week high of $26.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $28.81 billion, a price-to-earnings ratio of 136.27 and a beta of 2.04. The company's 50-day moving average price is $23.82 and its two-hundred day moving average price is $21.49.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating 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 business had revenue of $336.71 million for the quarter, compared to analysts' expectations of $318.81 million. The firm's quarterly revenue was up 17.0% on a year-over-year basis. Research analysts predict that Sportradar Group will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently modified their holdings of the business. Unisphere Establishment acquired a new position in Sportradar Group during the 4th quarter worth $51,596,000. Driehaus Capital Management LLC acquired a new position in Sportradar Group during the 1st quarter worth $48,596,000. T. Rowe Price Investment Management Inc. acquired a new position in Sportradar Group during the 1st quarter worth $20,657,000. Granahan Investment Management LLC lifted its position in Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after acquiring an additional 930,310 shares during the last quarter. Finally, Sellaronda Global Management LP acquired a new position in Sportradar Group during the 4th quarter worth $14,739,000.

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.