Sportradar Group (NASDAQ:SRAD - Free Report) had its target price increased by UBS Group from $29.00 to $39.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts also recently issued research reports about the company. Arete initiated coverage on Sportradar Group in a report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price target for the company. Arete Research upgraded Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Benchmark upped their price objective on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley upped their price objective on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.50.
Check Out Our Latest Analysis on SRAD
Sportradar Group Trading Down 0.6%
SRAD traded down $0.18 during trading on Thursday, hitting $31.00. The company's stock had a trading volume of 1,305,369 shares, compared to its average volume of 2,115,867. Sportradar Group has a twelve month low of $10.79 and a twelve month high of $31.59. 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 stock's fifty day moving average price is $27.93 and its 200-day moving average price is $24.30. The firm has a market capitalization of $34.50 billion, a P/E ratio of 86.11 and a beta of 2.07.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Sportradar Group's revenue for the quarter was up 14.1% on a year-over-year basis. Analysts anticipate that Sportradar Group will post 0.15 EPS for the current year.
Hedge Funds Weigh In On Sportradar Group
Large investors have recently made changes to their positions in the business. ORG Partners LLC lifted its position in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company's stock worth $28,000 after buying an additional 962 shares in the last quarter. Pacer Advisors Inc. raised its position in Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after purchasing an additional 537 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Sportradar Group by 3,058.0% in the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock worth $44,000 after buying an additional 1,529 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of 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 buying an additional 551 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 worth $46,000 after buying an additional 1,620 shares during the period.
About Sportradar Group
(
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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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