Sportradar Group (NASDAQ:SRAD) Price Target Raised to $30.00 at Benchmark

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target upped by equities research analysts at Benchmark from $26.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Benchmark's target price would indicate a potential upside of 25.21% from the company's previous close.

SRAD has been the subject of a number of other reports. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a report on Wednesday, April 2nd. Morgan Stanley lifted their price objective on Sportradar Group from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Canaccord Genuity Group increased their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. BTIG Research started coverage on Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. Finally, UBS Group increased their price objective on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.91.

Sportradar Group Stock Performance

Shares of SRAD traded up $0.10 during trading hours on Wednesday, reaching $23.96. 791,005 shares of the company traded hands, compared to its average volume of 710,889. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $24.15. The stock has a market cap of $26.66 billion, a P/E ratio of 119.81, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The stock's fifty day moving average is $21.66 and its 200 day moving average is $18.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

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 firm 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%. Equities research analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors have recently modified their holdings of the stock. National Bank of Canada FI grew its stake in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Sportradar Group in the 4th quarter valued at $28,000. US Bancorp DE acquired a new stake in shares of Sportradar Group in the 4th quarter valued at $39,000. Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group in the 4th quarter valued at $43,000. Finally, R Squared Ltd bought a new stake in shares of Sportradar Group during the fourth quarter worth $44,000.

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.