Canaccord Genuity Group Boosts Sportradar Group (NASDAQ:SRAD) Price Target to $32.00

Sportradar Group (NASDAQ:SRAD) had its price objective boosted by equities research analysts at Canaccord Genuity Group from $30.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 44.14% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Guggenheim initiated coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price target on the stock. Benchmark lifted their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Jefferies Financial Group increased their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Needham & Company LLC restated a “buy” rating and set a $27.00 target price on shares of Sportradar Group in a report on Wednesday. Finally, Citigroup upped their price target on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.00.

Sportradar Group Trading Up 2.2 %

Shares of NASDAQ:SRAD opened at $22.20 on Thursday. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $23.60. The firm has a market cap of $24.70 billion, a P/E ratio of 111.01, a P/E/G ratio of 1.53 and a beta of 2.19. The company has a 50 day moving average of $21.40 and a 200-day moving average of $17.54. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly 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). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. As a group, analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after buying an additional 28,878 shares during the last quarter. Jane Street Group LLC bought a new position in Sportradar Group during the third quarter valued at approximately $479,000. Cornerstone Investment Partners LLC acquired a new stake in Sportradar Group in the fourth quarter valued at approximately $199,000. Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after purchasing an additional 61,105 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Sportradar Group during the 4th quarter valued at $406,000.

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.