Sportradar Group (NASDAQ:SRAD) Price Target Raised to $23.00

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its target price hoisted by equities research analysts at Morgan Stanley from $22.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's target price points to a potential downside of 4.01% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. Benchmark increased their price target on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup increased their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. BTIG Research initiated coverage on shares of Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research report on Wednesday, April 2nd. Finally, UBS Group raised their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and an average price target of $26.91.

Sportradar Group Trading Up 0.4 %

Shares of Sportradar Group stock traded up $0.10 during trading on Wednesday, reaching $23.96. 791,005 shares of the company were exchanged, compared to its average volume of 710,889. The business has a 50-day moving average price of $21.66 and a 200-day moving average price of $18.36. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 119.81, a P/E/G 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 has a twelve month low of $9.17 and a twelve month high of $24.15.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sell-side analysts anticipate that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Sportradar Group Company Profile

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.