Sportradar Group AG (NASDAQ:SRAD) Receives $27.00 Consensus PT from Analysts

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $27.00.

Several brokerages have commented on SRAD. Benchmark increased their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Morgan Stanley increased their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 16th. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target on the stock in a research note on Tuesday, April 22nd. Guggenheim reiterated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Thursday, April 3rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a report on Monday, May 12th.

Institutional Investors Weigh In On Sportradar Group

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

Sportradar Group Stock Up 0.8%

Sportradar Group stock traded up $0.18 during mid-day trading on Monday, hitting $23.89. The company had a trading volume of 1,467,932 shares, compared to its average volume of 932,785. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 119.46, a PEG ratio of 1.53 and a beta of 2.08. Sportradar Group has a 1 year low of $9.94 and a 1 year high of $25.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $22.80 and a 200 day moving average of $20.39.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced 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. The company had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sportradar Group's quarterly revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

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.