Jefferies Financial Group Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD - Free Report) had its price objective lifted by Jefferies Financial Group from $23.00 to $27.00 in a research report report published on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Guggenheim began coverage on Sportradar Group in a research report on Wednesday, February 26th. They issued a "buy" rating and a $27.00 price objective for the company. Needham & Company LLC upped their target price on Sportradar Group from $18.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday. Canaccord Genuity Group raised their price target on Sportradar Group from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Sportradar Group from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.67.

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Sportradar Group Stock Up 2.8 %

Shares of SRAD traded up $0.63 during trading hours on Thursday, hitting $22.95. The company had a trading volume of 404,591 shares, compared to its average volume of 610,602. Sportradar Group has a one year low of $9.17 and a one year high of $23.12. The company's fifty day moving average price is $21.01 and its two-hundred day moving average price is $16.99. The company has a market capitalization of $25.50 billion, a PE ratio of 114.71, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

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

Hedge Funds Weigh In On Sportradar Group

Institutional investors have recently bought and sold shares of the business. Aurora Investment Counsel increased its stake in shares of Sportradar Group by 0.4% in the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock worth $2,186,000 after acquiring an additional 706 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Sportradar Group during the 3rd quarter worth about $406,000. Quantbot Technologies LP purchased a new position in shares of Sportradar Group during the 3rd quarter valued at about $139,000. Millrace Asset Group Inc. acquired a new position in shares of Sportradar Group in the 3rd quarter valued at about $1,278,000. Finally, Walleye Capital LLC purchased a new stake in shares of Sportradar Group in the third quarter worth about $651,000.

About Sportradar Group

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.