Sportradar Group (NASDAQ:SRAD) Price Target Raised to $30.00 at Benchmark

Sportradar Group (NASDAQ:SRAD) had its target price raised by research analysts at Benchmark from $26.00 to $30.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price would suggest a potential upside of 25.21% from the stock’s current price.

SRAD has been the topic of a number of other reports. UBS Group raised their target price on Sportradar Group from $24.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price objective on Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Guggenheim reiterated a “buy” rating and set a $27.00 target price on shares of Sportradar Group in a research report on Thursday, April 3rd. JMP Securities reissued a “market outperform” rating and issued a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Finally, Citigroup increased their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $26.91.

Sportradar Group Stock Up 0.4 %

Shares of SRAD stock opened at $23.96 on Wednesday. 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 has a twelve month low of $9.17 and a twelve month high of $24.15. The stock has a 50 day moving average of $21.61 and a 200 day moving average of $18.28. The stock has a market cap of $26.66 billion, a P/E ratio of 119.81, a P/E/G ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). The firm had revenue of $307.00 million during the quarter, compared to analyst estimates of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. As a group, sell-side analysts expect that Sportradar Group will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Silvercrest Asset Management Group LLC grew its position in shares of Sportradar Group by 1.6% in the fourth 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after buying an additional 1,272 shares in the last quarter. LPL Financial LLC increased its stake in shares of Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock worth $618,000 after acquiring an additional 1,287 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock worth $444,000 after acquiring an additional 1,414 shares during the period. Finally, National Bank of Canada FI boosted its position 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 valued at $27,000 after acquiring an additional 1,462 shares during the last quarter.

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.