Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target lifted by equities research analysts at Canaccord Genuity Group from $30.00 to $32.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 57.48% from the company's previous close.
Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday. Guggenheim started coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price objective on the stock. Morgan Stanley raised their target price on shares of Sportradar Group from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday. Benchmark boosted their target price on shares of Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group raised their price target on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and an average price target of $26.00.
View Our Latest Stock Analysis on SRAD
Sportradar Group Stock Down 4.1 %
Shares of NASDAQ:SRAD traded down $0.87 during trading on Thursday, reaching $20.32. 2,058,404 shares of the stock traded hands, compared to its average volume of 659,701. The stock has a market cap of $22.61 billion, a P/E ratio of 101.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50-day moving average of $21.39 and a two-hundred day moving average of $17.67. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $23.60.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued 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). The business had revenue of $307.00 million for the quarter, compared to analysts' expectations of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. As a group, sell-side analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sportradar Group
A number of institutional investors have recently bought and sold shares of SRAD. Greenhouse Funds LLLP increased its position in Sportradar Group by 2.0% in the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after buying an additional 193,962 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock valued at $43,384,000 after acquiring an additional 463,441 shares during the period. Unisphere Establishment purchased a new stake in Sportradar Group in the 4th quarter worth approximately $51,596,000. Granahan Investment Management LLC increased its holdings in Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after acquiring an additional 930,310 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after purchasing an additional 454,826 shares in the last quarter.
Sportradar Group Company Profile
(
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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