Sportradar Group (NASDAQ:SRAD) Upgraded at Bank of America

Sportradar Group (NASDAQ:SRAD - Get Free Report) was upgraded by equities researchers at Bank of America from an "underperform" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $28.00 target price on the stock. Bank of America's price target suggests a potential upside of 24.72% from the stock's previous close.

A number of other equities research analysts have also issued reports on SRAD. UBS Group boosted their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Guggenheim reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Thursday, April 3rd. Morgan Stanley upped their price target on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 16th. Benchmark raised their price objective on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group upped their target price on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Price Performance

NASDAQ:SRAD traded up $0.33 during trading hours on Tuesday, reaching $22.45. 4,141,025 shares of the company's stock were exchanged, compared to its average volume of 807,762. The company has a market capitalization of $24.98 billion, a P/E ratio of 112.26, 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 $25.85. The business's 50-day simple moving average is $21.82 and its two-hundred day simple moving average is $18.82. The company has a quick ratio of 1.53, a current 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 earnings per share (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 company had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. Sell-side analysts expect that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Sportradar Group in the 3rd quarter valued at $479,000. Barclays PLC lifted its position in shares of Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company's stock worth $72,000 after buying an additional 5,733 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock worth $639,000 after acquiring an additional 28,878 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Sportradar Group by 4.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 224,668 shares of the company's stock valued at $3,896,000 after acquiring an additional 8,551 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in shares of Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after acquiring an additional 61,105 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.