Needham & Company LLC reiterated their buy rating on shares of Sportradar Group (NASDAQ:SRAD - Free Report) in a research note issued to investors on Monday,Benzinga reports. They currently have a $27.00 price target on the stock.
Other research analysts also recently issued research reports about the company. Jefferies Financial Group upped their price objective on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Canaccord Genuity Group increased their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Citigroup increased their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price for the company in a research report on Tuesday, April 22nd. Finally, Benchmark increased their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Read Our Latest Stock Report on SRAD
Sportradar Group Price Performance
SRAD traded up $0.40 on Monday, hitting $23.98. 2,392,028 shares of the stock were exchanged, compared to its average volume of 907,500. Sportradar Group has a 12 month low of $9.94 and a 12 month high of $25.85. The business has a 50-day moving average of $22.44 and a two-hundred day moving average of $19.95. 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 capitalization of $26.68 billion, a price-to-earnings ratio of 119.91, a PEG ratio of 1.53 and a beta of 2.08.
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 5.61% and a return on equity of 6.69%. The company's quarterly revenue was up 17.0% compared to the same quarter last year. Sell-side analysts forecast that Sportradar Group will post 0.15 EPS for the current fiscal year.
Hedge Funds Weigh In On Sportradar Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings 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 purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after purchasing an additional 551 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after purchasing an additional 691 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after purchasing an additional 1,272 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company's stock worth $618,000 after purchasing an additional 1,287 shares in the last quarter.
Sportradar Group Company Profile
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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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