Sportradar Group (NASDAQ:SRAD) Upgraded at Bank of America

Sportradar Group (NASDAQ:SRAD - Get Free Report) was upgraded by Bank of America from an "underperform" rating to a "buy" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $28.00 price target on the stock. Bank of America's price objective points to a potential upside of 24.72% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price 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. JMP Securities reissued a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Guggenheim reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Thursday, April 3rd. Jefferies Financial Group boosted their price target on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Trading Up 1.5 %

SRAD stock traded up $0.33 during midday trading on Tuesday, hitting $22.45. The stock had a trading volume of 4,141,025 shares, compared to its average volume of 810,046. The company's 50-day moving average price is $21.82 and its 200 day moving average price is $18.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $24.98 billion, a PE ratio of 112.26, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The business had revenue of $307.00 million during the quarter, compared to analyst estimates of $294.60 million. On average, equities research analysts predict 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 have recently made changes to their positions in SRAD. National Bank of Canada FI grew its holdings in Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sportradar Group during the fourth quarter valued at about $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group during the fourth quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new position in shares of Sportradar Group in the fourth quarter worth about $43,000. Finally, R Squared Ltd acquired a new position in shares of Sportradar Group in the fourth quarter worth about $44,000.

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.