Guggenheim Reiterates "Buy" Rating for Sportradar Group (NASDAQ:SRAD)

Guggenheim restated their buy rating on shares of Sportradar Group (NASDAQ:SRAD - Free Report) in a research note published on Thursday morning,Benzinga reports. They currently have a $27.00 target price on the stock.

A number of other equities research analysts also recently issued reports on SRAD. Benchmark increased their target price on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Needham & Company LLC restated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Wednesday. Canaccord Genuity Group raised their price target on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday. JMP Securities restated a "market outperform" rating and issued a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. Finally, Jefferies Financial Group lifted their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.00.

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Sportradar Group Stock Down 4.1 %

Shares of SRAD traded down $0.87 during mid-day trading on Thursday, reaching $20.32. The company's stock had a trading volume of 2,058,404 shares, compared to its average volume of 659,701. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.60. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 101.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The business has a fifty day moving average of $21.39 and a 200 day moving average of $17.67.

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

Hedge Funds Weigh In On Sportradar Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenhouse Funds LLLP boosted its holdings in shares of Sportradar Group by 2.0% during the 4th 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 during the period. Janus Henderson Group PLC lifted its position in Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock worth $43,384,000 after acquiring an additional 463,441 shares during the last quarter. Unisphere Establishment bought a new stake in Sportradar Group during the fourth quarter valued at about $51,596,000. Granahan Investment Management LLC grew its position in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Sportradar Group by 47.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock worth $24,370,000 after purchasing an additional 454,826 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.