Sportradar Group (NASDAQ:SRAD) Price Target Raised to $30.00

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its target price increased by equities researchers at JMP Securities from $25.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' price target suggests a potential downside of 1.15% from the stock's current price.

A number of other brokerages have also recently commented on SRAD. Truist Financial initiated coverage on Sportradar Group in a research report on Tuesday, July 1st. They issued a "buy" rating and a $33.00 price target on the stock. Morgan Stanley boosted their target price on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Benchmark raised their price target on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Canaccord Genuity Group upped their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Finally, Arete assumed coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price target for the company. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.13.

Sportradar Group Trading Up 1.3%

Sportradar Group stock traded up $0.40 during mid-day trading on Tuesday, reaching $30.35. 1,605,038 shares of the company traded hands, compared to its average volume of 1,157,766. The firm's 50 day moving average price is $25.53 and its 200 day moving average price is $22.74. Sportradar Group has a 52-week low of $10.06 and a 52-week high of $30.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $33.77 billion, a price-to-earnings ratio of 159.75 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced 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 net margin of 5.16% and a return on equity of 6.38%. The company had revenue of $336.71 million for the quarter, compared to analysts' expectations of $318.81 million. The business's quarterly revenue was up 17.0% compared to the same quarter last year. On average, analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SRAD. National Bank of Canada FI increased its stake in shares of Sportradar Group by 1,366.4% in the 4th 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 holdings in Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 962 shares during the period. Pacer Advisors Inc. increased its position in Sportradar Group by 43.9% in the first 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. US Bancorp DE bought a new position in shares of Sportradar Group in the fourth quarter worth about $39,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Sportradar Group during the 4th quarter valued at about $43,000.

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.