Sportradar Group (NASDAQ:SRAD) Price Target Raised to $26.00

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target upped by investment analysts at Benchmark from $24.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price objective points to a potential upside of 13.09% from the stock's current price.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC boosted their target price on Sportradar Group from $18.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday. Guggenheim initiated coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price objective on the stock. Canaccord Genuity Group upped their price objective on shares of Sportradar Group from $20.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group lifted their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, JMP Securities reissued a "market outperform" rating and issued a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.67.

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Sportradar Group Trading Up 3.0 %

SRAD traded up $0.67 during trading on Thursday, hitting $22.99. 765,526 shares of the stock traded hands, compared to its average volume of 611,999. The firm has a market capitalization of $25.55 billion, a P/E ratio of 114.96, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $23.12. 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 firm has a 50-day moving average of $21.10 and a 200 day moving average of $17.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share 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 for the quarter, compared to analysts' expectations of $294.60 million. Equities research analysts anticipate that Sportradar Group will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SRAD. Greenhouse Funds LLLP lifted its holdings in shares of Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock valued at $170,868,000 after purchasing an additional 193,962 shares during the last quarter. Janus Henderson Group PLC raised its stake 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 buying an additional 463,441 shares during the last quarter. Unisphere Establishment bought a new stake in Sportradar Group in the fourth quarter worth $51,596,000. Granahan Investment Management LLC grew its stake 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 worth $34,836,000 after acquiring an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew 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 acquiring an additional 454,826 shares during the last quarter.

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.