Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price objective upped by analysts at Jefferies Financial Group from $27.00 to $32.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 13.56% from the stock's previous close.

Several other brokerages have also issued reports on SRAD. Macquarie assumed coverage on Sportradar Group in a research note on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target on the stock. UBS Group lifted their price target on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Monday, May 12th. 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, Bank of America upgraded 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. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and a consensus price target of $28.14.

Sportradar Group Price Performance

NASDAQ SRAD traded up $0.36 during midday trading on Thursday, hitting $28.18. The company had a trading volume of 825,956 shares, compared to its average volume of 1,109,638. The company has a market capitalization of $31.36 billion, a PE ratio of 146.42 and a beta of 2.07. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $24.35 and a 200-day moving average price of $21.92. Sportradar Group has a twelve month low of $10.06 and a twelve month high of $28.50.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. Sportradar Group's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, analysts anticipate 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. US Bancorp DE acquired a new position in Sportradar Group during the 4th quarter worth about $39,000. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the 4th quarter worth about $28,000. M&T Bank Corp acquired a new position in Sportradar Group during the 4th quarter worth about $269,000. Wilson Asset Management International PTY Ltd. lifted its holdings in Sportradar Group by 62.7% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 436,051 shares of the company's stock worth $7,561,000 after buying an additional 168,033 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Sportradar Group during the 4th quarter worth about $1,980,000.

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.