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

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

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Benchmark upped their price target on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Wednesday. Finally, Citigroup raised their price target on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a 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, the company has an average rating of “Moderate Buy” and an average target price of $25.78.

Sportradar Group Stock Up 1.9 %

Shares of NASDAQ:SRAD traded up $0.41 during trading hours on Wednesday, hitting $22.14. The company’s stock had a trading volume of 1,644,288 shares, compared to its average volume of 640,144. The firm’s fifty day moving average price is $21.36 and its 200 day moving average price is $17.51. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $23.60. The company has a market capitalization of $24.63 billion, a price-to-earnings ratio of 110.69, a P/E/G ratio of 1.53 and a beta of 2.19. 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 posted its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $294.60 million. As a group, research analysts expect that Sportradar Group will post 0.15 EPS for the current year.

Institutional Trading of Sportradar Group

Several institutional investors have recently bought and sold shares of SRAD. Mackenzie Financial Corp purchased a new position in Sportradar Group in the 4th quarter valued at about $1,236,000. Public Employees Retirement System of Ohio acquired a new position in Sportradar Group in the 4th quarter valued at about $3,100,000. Voloridge Investment Management LLC purchased a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $6,801,000. Two Sigma Advisers LP raised its position in shares of Sportradar Group by 659.5% during the 4th quarter. Two Sigma Advisers LP now owns 168,600 shares of the company’s stock valued at $2,924,000 after buying an additional 146,400 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Sportradar Group by 134.9% in the fourth quarter. Two Sigma Investments LP now owns 534,270 shares of the company’s stock valued at $9,264,000 after acquiring an additional 306,788 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.