Sportradar Group (NASDAQ:SRAD) Now Covered by Truist Financial

Analysts at Truist Financial began coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $33.00 price target on the stock. Truist Financial's price target points to a potential upside of 17.10% from the stock's current price.

Several other research analysts also recently commented on SRAD. Jefferies Financial Group boosted their target price on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. UBS Group increased their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Benchmark boosted their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, Macquarie initiated coverage on shares of Sportradar Group in a report on Friday, June 20th. They set an "outperform" rating and a $32.00 price target for the company. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.14.

Sportradar Group Price Performance

SRAD traded up $0.36 during trading on Tuesday, hitting $28.18. 825,956 shares of the stock traded hands, compared to its average volume of 1,109,638. The business has a 50 day moving average price of $24.58 and a 200 day moving average price of $22.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. Sportradar Group has a twelve month low of $10.06 and a twelve month high of $28.50. The company has a market cap of $31.36 billion, a price-to-earnings ratio of 148.32 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The company had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. The company's revenue was up 17.0% on a year-over-year basis. Equities research analysts forecast that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SRAD. Unisphere Establishment acquired a new stake in shares of Sportradar Group in the fourth quarter valued at about $51,596,000. Driehaus Capital Management LLC bought a new stake in Sportradar Group in the first quarter valued at approximately $48,596,000. T. Rowe Price Investment Management Inc. acquired a new stake in Sportradar Group during the 1st quarter valued at approximately $20,657,000. Granahan Investment Management LLC raised its holdings 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 purchasing an additional 930,310 shares during the last quarter. Finally, Sellaronda Global Management LP bought a new position in Sportradar Group during the 4th quarter worth approximately $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.