Brokerages Set Sportradar Group AG (NASDAQ:SRAD) PT at $27.00

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

SRAD has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price target on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Citigroup boosted their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. UBS Group upped their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Needham & Company LLC reissued a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Monday, May 12th. Finally, Canaccord Genuity Group boosted their price target 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.

Sportradar Group Stock Performance

Shares of SRAD traded up $0.32 during trading hours on Friday, hitting $24.65. The stock had a trading volume of 812,503 shares, compared to its average volume of 1,003,655. The firm has a 50-day moving average price of $23.54 and a 200 day moving average price of $21.21. Sportradar Group has a fifty-two week low of $10.06 and a fifty-two week high of $25.85. The firm has a market capitalization of $27.43 billion, a price-to-earnings ratio of 123.26, a PEG ratio of 1.53 and a beta of 2.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

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, beating analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company's revenue was up 17.0% compared to the same quarter last year. As a group, research analysts anticipate 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 added to or reduced their stakes in the business. National Bank of Canada FI raised its position in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the fourth quarter worth about $28,000. Pacer Advisors Inc. boosted its position in Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after acquiring an additional 537 shares during the last quarter. US Bancorp DE acquired a new position in Sportradar Group during the fourth quarter worth about $39,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Sportradar Group during the first quarter worth about $52,000.

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.