Sportradar Group (NASDAQ:SRAD) Earns Buy Rating from Analysts at BTIG Research

Analysts at BTIG Research started coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a research note issued on Friday, Marketbeat reports. The brokerage set a "buy" rating and a $28.00 price target on the stock. BTIG Research's price objective would indicate a potential upside of 19.40% from the company's current price.

SRAD has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Benchmark lifted their target price on Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley lifted their price objective on shares of Sportradar Group from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. JMP Securities reiterated a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Finally, Citigroup boosted their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Sportradar Group has an average rating of "Moderate Buy" and a consensus target price of $26.91.

Sportradar Group Trading Up 0.6 %

Sportradar Group stock traded up $0.13 during trading on Friday, hitting $23.45. The company's stock had a trading volume of 1,245,649 shares, compared to its average volume of 705,656. The stock's fifty day moving average is $21.57 and its 200 day moving average is $18.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $24.13. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of 117.26, a P/E/G ratio of 1.53 and a beta of 2.10.

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

Institutional Trading of Sportradar Group

A number of large investors have recently made changes to their positions in SRAD. Sei Investments Co. acquired a new position in Sportradar Group in the fourth quarter valued at about $3,626,000. JPMorgan Chase & Co. lifted its holdings in shares of Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after purchasing an additional 28,878 shares in the last quarter. Jane Street Group LLC bought a new stake in Sportradar Group during the 3rd quarter worth approximately $479,000. Cornerstone Investment Partners LLC bought a new position in Sportradar Group in the fourth quarter valued at approximately $199,000. Finally, Moody National Bank Trust Division boosted its holdings in shares of Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after buying an additional 61,105 shares during the period.

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.