Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target hoisted by Morgan Stanley from $25.00 to $26.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target suggests a potential downside of 8.52% from the company's previous close.
Other analysts also recently issued research reports about the stock. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Tuesday, April 22nd. JMP Securities raised their price objective on shares of Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 15th. Truist Financial upped their price objective on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Needham & Company LLC upped their price target on shares of Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday. Finally, UBS Group upped their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.88.
Read Our Latest Stock Report on SRAD
Sportradar Group Stock Up 2.1%
NASDAQ SRAD traded up $0.58 on Wednesday, hitting $28.42. 1,962,354 shares of the company were exchanged, compared to its average volume of 1,672,479. The company has a market cap of $31.62 billion, a PE ratio of 149.48 and a beta of 2.07. Sportradar Group has a 12 month low of $10.38 and a 12 month high of $30.63. The stock has a fifty day moving average of $27.07 and a 200-day moving average of $23.79. 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 released 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. The firm had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business's revenue was up 17.0% on a year-over-year basis. As a group, analysts forecast that Sportradar Group will post 0.15 earnings per share for the current year.
Institutional Trading of Sportradar Group
Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp purchased a new position in shares of Sportradar Group in the fourth quarter worth approximately $1,236,000. Renaissance Technologies LLC boosted its holdings in shares of Sportradar Group by 79.2% in the fourth quarter. Renaissance Technologies LLC now owns 382,310 shares of the company's stock worth $6,629,000 after buying an additional 169,010 shares during the last quarter. 1492 Capital Management LLC bought a new stake in Sportradar Group during the 4th quarter worth approximately $2,170,000. Fifth Third Bancorp bought a new stake in Sportradar Group during the 1st quarter worth approximately $360,000. Finally, Wealthstar Advisors LLC bought a new stake in Sportradar Group during the 1st quarter worth approximately $942,000.
About Sportradar Group
(
Get Free Report)
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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