Equities researchers at The Goldman Sachs Group initiated coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a report released on Monday,Benzinga reports. The brokerage set a "neutral" rating and a $31.00 price target on the stock. The Goldman Sachs Group's target price suggests a potential upside of 2.48% from the company's current price.
Other analysts also recently issued research reports about the stock. BTIG Research initiated coverage on shares of 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 raised their price objective on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Benchmark increased their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Guggenheim reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. Finally, UBS Group increased their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.25.
Get Our Latest Stock Report on Sportradar Group
Sportradar Group Stock Performance
Shares of SRAD stock opened at $30.25 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $33.66 billion, a P/E ratio of 159.22 and a beta of 2.07. The company's 50 day moving average price is $25.83 and its two-hundred day moving average price is $23.00. Sportradar Group has a 52 week low of $10.06 and a 52 week high of $30.63.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The company's quarterly revenue was up 17.0% compared to the same quarter last year. On average, analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.
Institutional Trading of Sportradar Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI grew its position in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after purchasing an additional 1,462 shares in the last quarter. ORG Partners LLC grew its position in shares of Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company's stock worth $28,000 after purchasing an additional 962 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of 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 purchasing an additional 537 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group during the fourth quarter worth about $43,000. Finally, TD Private Client Wealth LLC grew its position in shares of Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock worth $44,000 after purchasing an additional 1,529 shares in the last quarter.
About Sportradar Group
(
Get Free Report)
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.
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