Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price reached a new 52-week high on Wednesday after Canaccord Genuity Group raised their price target on the stock from $30.00 to $32.00. Canaccord Genuity Group currently has a buy rating on the stock. Sportradar Group traded as high as $23.60 and last traded at $21.73, with a volume of 3115428 shares traded. The stock had previously closed at $21.62.
SRAD has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of Sportradar Group from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Wednesday. Guggenheim started coverage on Sportradar Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $27.00 price objective for the company. Benchmark upped their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $19.00 target price 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.00.
Read Our Latest Report on Sportradar Group
Institutional Trading of Sportradar Group
Several institutional investors and hedge funds have recently bought and sold shares of SRAD. Greenhouse Funds LLLP increased its holdings in shares of Sportradar Group by 2.0% in the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after purchasing an additional 193,962 shares during the period. Janus Henderson Group PLC increased its stake in Sportradar Group by 14.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock worth $43,384,000 after acquiring an additional 463,441 shares during the last quarter. Unisphere Establishment purchased a new stake in shares of Sportradar Group in the 4th quarter valued at about $51,596,000. Granahan Investment Management LLC boosted its position in shares of Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after acquiring an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 454,826 shares in the last quarter.
Sportradar Group Stock Performance
The company's 50-day moving average is $21.39 and its two-hundred day moving average is $17.71. The company has a market capitalization of $22.61 billion, a P/E ratio of 101.61, a PEG ratio of 1.53 and a beta of 2.10. 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 issued 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). 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 during the quarter, compared to the consensus estimate of $294.60 million. Equities analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.
About Sportradar Group
(
Get Free Report)
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.
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