Sportradar Group (NASDAQ:SRAD) Price Target Raised to $22.00

Sportradar Group (NASDAQ:SRAD - Free Report) had its target price lifted by Morgan Stanley from $21.00 to $22.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts also recently commented on SRAD. Needham & Company LLC restated a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday. Canaccord Genuity Group upped their price objective on Sportradar Group from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Citigroup lifted their price target 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. Finally, Guggenheim began coverage on Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

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Sportradar Group Price Performance

Sportradar Group stock traded down $0.87 during trading hours on Wednesday, hitting $20.32. 2,058,404 shares of the stock were exchanged, compared to its average volume of 659,701. Sportradar Group has a 12 month low of $9.17 and a 12 month high of $23.60. The business's 50-day moving average is $21.39 and its two-hundred day moving average is $17.67. 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 market capitalization of $22.61 billion, a P/E ratio of 101.61, a P/E/G ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Equities research analysts expect that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Large investors have recently bought and sold shares of the business. Greenhouse Funds LLLP increased its stake in Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after acquiring an additional 193,962 shares during the last quarter. Janus Henderson Group PLC increased its position in Sportradar Group by 14.9% during the third 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 last quarter. Unisphere Establishment purchased a new stake in shares of Sportradar Group in the fourth quarter valued at $51,596,000. Granahan Investment Management LLC boosted its stake in shares of Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after purchasing an additional 930,310 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Sportradar Group by 47.8% during the 4th 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 during 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.