Sportradar Group (NASDAQ:SRAD) Price Target Raised to $32.00

Sportradar Group (NASDAQ:SRAD) had its price target lifted by Jefferies Financial Group from $27.00 to $32.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

SRAD has been the topic of several other reports. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, April 3rd. Morgan Stanley upped their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 16th. UBS Group increased their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price objective on shares of Sportradar Group in a research note on Monday, May 12th. Finally, Benchmark increased their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.14.

Sportradar Group Price Performance

Shares of SRAD opened at $28.18 on Thursday. The firm has a market capitalization of $31.36 billion, a PE ratio of 148.32 and a beta of 2.07. The company’s 50-day moving average is $24.58 and its 200-day moving average is $22.11. Sportradar Group has a fifty-two week low of $10.06 and a fifty-two week high of $28.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts forecast that Sportradar Group will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SRAD. US Bancorp DE bought a new position in shares of Sportradar Group in the fourth quarter worth about $39,000. SBI Securities Co. Ltd. bought a new position in Sportradar Group in the 4th quarter valued at approximately $28,000. M&T Bank Corp bought a new position in Sportradar Group in the 4th quarter valued at approximately $269,000. Wilson Asset Management International PTY Ltd. raised its holdings in Sportradar Group by 62.7% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 436,051 shares of the company’s stock valued at $7,561,000 after buying an additional 168,033 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Sportradar Group in the 4th quarter valued at approximately $1,980,000.

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.