UBS Group Boosts Sportradar Group (NASDAQ:SRAD) Price Target to $29.00

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target raised by UBS Group from $24.00 to $29.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 28.49% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. JMP Securities restated a "market outperform" rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Citigroup boosted their target price on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Benchmark raised their price target on Sportradar Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted 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. Finally, Canaccord Genuity Group increased their price objective on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.45.

Sportradar Group Stock Up 2.5 %

Shares of SRAD stock traded up $0.55 on Tuesday, reaching $22.57. 1,937,296 shares of the company's stock traded hands, compared to its average volume of 697,528. The company has a market capitalization of $25.12 billion, a P/E ratio of 112.86, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. Sportradar Group has a 12-month low of $9.17 and a 12-month high of $23.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The business's 50 day moving average price is $21.50 and its two-hundred day moving average price is $18.13.

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 analysts' consensus estimates of $0.04 by ($0.04). The business had revenue of $307.00 million during the quarter, compared to analyst estimates of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. On average, equities analysts forecast that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Trading of Sportradar Group

A number of institutional investors and hedge funds have recently modified their holdings of SRAD. Greenhouse Funds LLLP raised its holdings in Sportradar Group by 2.0% in the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after acquiring an additional 193,962 shares during the period. Unisphere Establishment acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $51,596,000. Granahan Investment Management LLC increased its position in Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after buying an additional 930,310 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock worth $24,370,000 after buying an additional 454,826 shares during the last quarter. Finally, Sellaronda Global Management LP bought a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $14,739,000.

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.