Sportradar Group (NASDAQ:SRAD) Price Target Raised to $22.00 at Morgan Stanley

Sportradar Group (NASDAQ:SRAD) had its price objective boosted by Morgan Stanley from $21.00 to $22.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 0.62% from the stock’s current price.

Several other research firms have also recently commented on SRAD. Guggenheim began coverage on Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 target price for the company. 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. JPMorgan Chase & Co. lifted their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup increased their target price on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group upped their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus price target of $25.78.

Sportradar Group Trading Up 1.9 %

SRAD traded up $0.41 during mid-day trading on Wednesday, hitting $22.14. 1,644,288 shares of the stock were exchanged, compared to its average volume of 640,144. The company has a market cap of $24.63 billion, a PE ratio of 110.69, a PEG ratio of 1.53 and a beta of 2.19. 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 firm’s fifty day moving average is $21.36 and its two-hundred day moving average is $17.51. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $23.60.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.04). The business had revenue of $307.00 million for 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%. Equities analysts forecast that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC grew 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 purchasing an additional 691 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 purchasing an additional 1,272 shares during the period. LPL Financial LLC grew its position in Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after buying an additional 1,287 shares during the last quarter. XTX Topco Ltd increased its stake 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 buying an additional 1,414 shares during the period. Finally, National Bank of Canada FI raised its position in 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 buying an additional 1,462 shares during the last quarter.

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.