JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Sportradar Group (NASDAQ:SRAD) Stock

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $26.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 32.87% from the stock's previous close.

Other analysts have also recently issued research reports about the company. JMP Securities reiterated a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. Guggenheim began coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $27.00 price objective on the stock. Canaccord Genuity Group boosted their target price on shares of Sportradar Group from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Jefferies Financial Group increased their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Benchmark lifted their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the stock 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.00.

Remove Ads

Sportradar Group Stock Performance

NASDAQ SRAD traded down $0.87 during trading hours on Wednesday, hitting $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 12 month low of $9.17 and a 12 month high of $23.60. The company's 50 day simple moving average is $21.39 and its two-hundred day simple moving average is $17.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company 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.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly 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). The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. As a group, sell-side analysts expect that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC lifted its holdings in shares of Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after buying an additional 691 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after purchasing an additional 1,272 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after purchasing an additional 1,287 shares during the last quarter. XTX Topco Ltd grew its position in shares of Sportradar Group by 5.8% during the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after purchasing an additional 1,414 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after purchasing an additional 1,462 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.