UBS Group Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Key Points

• UBS Group has raised its price target for Sportradar Group from $29.00 to $39.00, indicating a potential upside of 24.96% from the current stock price.
• Multiple analysts have rated Sportradar with significant upgrades, with 13 giving it a buy rating and a consensus price target of $30.50.
• Sportradar Group reported better-than-expected earnings for the last quarter, achieving $374.25 million in revenue, which was up 14.1% year-over-year.

Sportradar Group (NASDAQ:SRAD - Free Report) had its price objective hoisted by UBS Group from $29.00 to $39.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Bank of America upgraded 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. Needham & Company LLC upped their target price on Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Truist Financial upped their target price on Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Arete Research raised Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Finally, JMP Securities raised their price objective on Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a research note on Tuesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.

Sportradar Group Stock Performance

Shares of SRAD stock traded down $0.62 during trading on Thursday, reaching $30.66. 515,109 shares of the company's stock were exchanged, compared to its average volume of 1,683,514. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm's fifty day moving average price is $28.07 and its 200-day moving average price is $24.37. Sportradar Group has a twelve month low of $11.20 and a twelve month high of $31.82. The stock has a market capitalization of $34.12 billion, a PE ratio of 85.12 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. The firm's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds have recently made changes to their positions in SRAD. State of Wyoming grew its stake in Sportradar Group by 30.0% during the second quarter. State of Wyoming now owns 22,126 shares of the company's stock worth $621,000 after purchasing an additional 5,102 shares during the period. Castleark Management LLC grew its stake in Sportradar Group by 26.9% in the second quarter. Castleark Management LLC now owns 326,409 shares of the company's stock valued at $9,166,000 after acquiring an additional 69,150 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company's stock valued at $46,000 after purchasing an additional 1,620 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Sportradar Group in the second quarter valued at approximately $6,615,000. Finally, Wasatch Advisors LP lifted its holdings in shares of Sportradar Group by 12.3% in the second quarter. Wasatch Advisors LP now owns 665,521 shares of the company's stock valued at $18,688,000 after purchasing an additional 72,916 shares in the last quarter.

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.