Sportradar Group (NASDAQ:SRAD - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Needham & Company LLC in a report issued on Monday,Benzinga reports. They currently have a $27.00 price objective on the stock. Needham & Company LLC's target price points to a potential upside of 17.75% from the stock's current price.
A number of other equities research analysts also recently issued reports on SRAD. Jefferies Financial Group increased their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Morgan Stanley increased their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Benchmark increased their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.
View Our Latest Stock Analysis on Sportradar Group
Sportradar Group Price Performance
Shares of NASDAQ:SRAD opened at $22.93 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $25.52 billion, a PE ratio of 114.66, a P/E/G ratio of 1.53 and a beta of 2.08. Sportradar Group has a twelve month low of $9.26 and a twelve month high of $25.85. The company has a 50-day moving average price of $22.13 and a two-hundred day moving average price of $19.67.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Equities analysts forecast that Sportradar Group will post 0.15 EPS for the current year.
Institutional Investors Weigh In On Sportradar Group
Several hedge funds have recently bought and sold shares of the stock. Battery Global Advisors LLC lifted its holdings in shares of Sportradar Group by 2,800.0% in the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock worth $60,000 after acquiring an additional 2,660 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Sportradar Group by 178.6% in the 1st quarter. US Bancorp DE now owns 6,198 shares of the company's stock worth $134,000 after acquiring an additional 3,973 shares during the last quarter. Nicolet Advisory Services LLC bought a new stake in shares of Sportradar Group in the 1st quarter worth approximately $216,000. Natixis Advisors LLC bought a new stake in shares of Sportradar Group in the 1st quarter worth approximately $411,000. Finally, Baldwin Investment Management LLC lifted its holdings in shares of Sportradar Group by 14.6% in the 1st quarter. Baldwin Investment Management LLC now owns 33,363 shares of the company's stock worth $721,000 after acquiring an additional 4,246 shares during 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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