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 boosted by research analysts at Jefferies Financial Group from $27.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 13.56% from the stock's previous close.

SRAD has been the subject of a number of other research reports. Morgan Stanley raised their price target on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised their price target on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. BTIG Research began coverage on Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 price objective for the company. Truist Financial began coverage on Sportradar Group in a research report on Tuesday, July 1st. They set a "buy" rating and a $33.00 price objective for the company. Finally, Bank of America raised Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus target price of $28.14.

Sportradar Group Trading Up 1.3%

Shares of Sportradar Group stock traded up $0.36 on Thursday, hitting $28.18. The stock had a trading volume of 825,956 shares, compared to its average volume of 1,113,372. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04. Sportradar Group has a one year low of $10.06 and a one year high of $28.50. The stock has a market cap of $31.36 billion, a price-to-earnings ratio of 148.32 and a beta of 2.07. The stock's 50-day simple moving average is $24.58 and its two-hundred day simple moving average is $22.15.

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, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $318.81 million. The company's revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts predict that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its holdings in Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after buying an additional 537 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Sportradar Group by 34.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after buying an additional 551 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after buying an additional 691 shares in the last quarter. LPL Financial LLC increased its holdings in Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock worth $618,000 after buying an additional 1,287 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock worth $444,000 after buying an additional 1,414 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.