Sportradar Group (NASDAQ:SRAD) Given New $27.00 Price Target at Needham & Company LLC

Sportradar Group (NASDAQ:SRAD - Get Free Report) had its target price increased by Needham & Company LLC from $18.00 to $27.00 in a research note issued on Thursday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price objective points to a potential upside of 17.44% from the company's current price.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group upped their target price on Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Citigroup upped their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, November 21st. JMP Securities reissued a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Guggenheim started coverage on Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.67.

Sportradar Group Stock Performance

Sportradar Group stock traded up $0.67 during mid-day trading on Thursday, reaching $22.99. 765,526 shares of the company traded hands, compared to its average volume of 611,999. Sportradar Group has a fifty-two week low of $9.17 and a fifty-two week high of $23.12. The firm's fifty day moving average is $21.10 and its two-hundred day moving average is $17.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 114.96, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued 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). The firm 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%. On average, equities research analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors have recently modified their holdings of the business. National Bank of Canada FI boosted its position in Sportradar Group by 1,366.4% during the fourth 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. acquired a new position in shares of Sportradar Group during the 4th quarter worth approximately $28,000. US Bancorp DE purchased a new position in shares of Sportradar Group during the 4th quarter valued at approximately $39,000. Loomis Sayles & Co. L P acquired a new stake in Sportradar Group in the 4th quarter valued at $43,000. Finally, R Squared Ltd purchased a new stake in Sportradar Group in the 4th quarter worth $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.