Citigroup Forecasts Strong Price Appreciation for Sportradar Group (NASDAQ:SRAD) Stock

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price objective lifted by equities research analysts at Citigroup from $25.00 to $27.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's price target suggests a potential upside of 17.67% from the company's previous close.

A number of other research analysts also recently issued reports on the company. Guggenheim initiated coverage on Sportradar Group in a report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price target on the stock. Benchmark boosted their target price on Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday. JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Jefferies Financial Group upped their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Needham & Company LLC raised their target price on shares of Sportradar Group from $18.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.67.

Remove Ads

Sportradar Group Trading Up 2.8 %

Shares of NASDAQ:SRAD traded up $0.63 during trading on Thursday, reaching $22.95. 404,591 shares of the company traded hands, compared to its average volume of 610,602. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business's fifty day moving average is $21.01 and its 200-day moving average is $16.99. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 114.71, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group has a 52-week low of $9.17 and a 52-week high of $23.12.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $307.00 million during the quarter, compared to analysts' expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. As a group, analysts forecast that Sportradar Group will post 0.15 EPS for the current year.

Institutional Trading of Sportradar Group

Several institutional investors have recently added to or reduced their stakes in SRAD. Silvercrest Asset Management Group LLC boosted its stake in shares of Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock valued at $755,000 after buying an additional 691 shares during the period. Aurora Investment Counsel boosted its position in shares of Sportradar Group by 0.4% in the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock valued at $2,186,000 after purchasing an additional 706 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after acquiring an additional 1,272 shares during the last quarter. LPL Financial LLC grew its position in Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock worth $618,000 after purchasing an additional 1,287 shares during the last quarter. Finally, XTX Topco Ltd increased its position in Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after acquiring an additional 1,414 shares during the period.

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.