Sportradar Group (NASDAQ:SRAD) Sees Strong Trading Volume

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 268,628 shares changed hands during mid-day trading, a decline of 11% from the previous session's volume of 301,734 shares.The stock last traded at $9.95 and had previously closed at $10.18.

Analysts Set New Price Targets

A number of research analysts have issued reports on SRAD shares. Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of Sportradar Group in a research note on Wednesday, March 20th. JPMorgan Chase & Co. upped their price objective on Sportradar Group from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. Jefferies Financial Group upped their price objective on Sportradar Group from $10.00 to $13.00 and gave the company a "hold" rating in a research note on Monday, March 25th. Morgan Stanley upped their price objective on Sportradar Group from $11.00 to $11.50 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and an average target price of $13.89.

Sportradar Group Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $11.23 billion, a P/E ratio of 84.17 and a beta of 1.97. The firm has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $10.29.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $271.98 million for the quarter, compared to analysts' expectations of $267.36 million. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. On average, analysts predict that Sportradar Group AG will post 0.32 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in Sportradar Group during the 2nd quarter worth about $30,000. Tower Research Capital LLC TRC lifted its holdings in Sportradar Group by 122.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,852 shares of the company's stock worth $37,000 after purchasing an additional 1,570 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Sportradar Group in the 3rd quarter valued at about $61,000. Lazard Asset Management LLC purchased a new stake in shares of Sportradar Group in the 4th quarter valued at about $64,000. Finally, Royal Bank of Canada raised its holdings in shares of Sportradar Group by 523.9% in the 4th quarter. Royal Bank of Canada now owns 7,281 shares of the company's stock valued at $81,000 after acquiring an additional 6,114 shares in the last quarter.

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.