Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $21.62, but opened at $23.60. Sportradar Group shares last traded at $22.26, with a volume of 343,535 shares traded.
Wall Street Analyst Weigh In
A number of research firms have issued reports on SRAD. JMP Securities reiterated a "market outperform" rating and set a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their price target on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday. Needham & Company LLC reissued a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Wednesday. Benchmark lifted their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group increased their target price on shares of 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 eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.00.
Check Out Our Latest Stock Report on Sportradar Group
Sportradar Group Stock Performance
The company has a market cap of $22.61 billion, a P/E ratio of 101.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company's 50-day moving average is $21.39 and its two-hundred day moving average is $17.63.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $294.60 million. Equities analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Greenhouse Funds LLLP increased 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 last quarter. Janus Henderson Group PLC boosted its position 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 worth $43,384,000 after purchasing an additional 463,441 shares during the period. Unisphere Establishment purchased a new position in shares of Sportradar Group in the fourth quarter worth about $51,596,000. Granahan Investment Management LLC raised its position 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 valued at $34,836,000 after purchasing an additional 930,310 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after buying an additional 454,826 shares in the last quarter.
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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