Sportradar Group (NASDAQ:SRAD) Earns Buy Rating from Analysts at BTIG Research

Stock analysts at BTIG Research initiated coverage on shares of Sportradar Group (NASDAQ:SRAD) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. BTIG Research’s price objective points to a potential upside of 27.12% from the stock’s previous close.

Several other research analysts have also issued reports on SRAD. JPMorgan Chase & Co. increased their price target on Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Benchmark boosted their target price on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Morgan Stanley lifted their price target on Sportradar Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. UBS Group boosted their price objective on Sportradar Group from $24.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Canaccord Genuity Group lifted their target price on Sportradar Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.45.

Sportradar Group Stock Up 0.0 %

Shares of Sportradar Group stock opened at $22.03 on Friday. The stock’s 50-day moving average is $21.47 and its 200 day moving average is $18.02. Sportradar Group has a one year low of $9.17 and a one year high of $23.60. The firm has a market cap of $24.51 billion, a price-to-earnings ratio of 110.14, a PEG ratio of 1.53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data 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). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Equities research analysts anticipate that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI increased 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 during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Sportradar Group during the fourth quarter valued at about $28,000. US Bancorp DE bought a new position in Sportradar Group during the fourth quarter worth about $39,000. Loomis Sayles & Co. L P purchased a new position in shares of Sportradar Group in the fourth quarter worth about $43,000. Finally, R Squared Ltd bought a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $44,000.

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.