Sportradar Group (NASDAQ:SRAD) Coverage Initiated at BTIG Research

Equities research analysts at BTIG Research assumed coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research report issued on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $28.00 price target on the stock. BTIG Research’s target price indicates a potential upside of 27.12% from the company’s current price.

Other equities analysts have also issued research reports about the company. Citigroup raised their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Wednesday, April 2nd. Guggenheim reiterated a “buy” rating and set a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. Benchmark upped their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, Morgan Stanley raised their price objective 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. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.45.

Sportradar Group Stock Performance

SRAD opened at $22.03 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The business has a fifty day simple moving average of $21.47 and a 200 day simple moving average of $18.02. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.60. The company has a market capitalization of $24.51 billion, a PE ratio of 110.14, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD) last announced its 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 business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Research analysts expect that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds have recently modified their holdings of SRAD. Silvercrest Asset Management Group LLC raised its position in Sportradar Group by 1.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock worth $755,000 after purchasing an additional 691 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position 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 acquiring an additional 1,272 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Sportradar Group by 3.7% in the fourth 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 period. XTX Topco Ltd lifted its stake in shares of Sportradar Group by 5.8% in the fourth 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 holdings in Sportradar Group by 1,366.4% in the fourth 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.