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

Sportradar Group (NASDAQ:SRAD) had its price target increased by equities researchers at Benchmark from $26.00 to $30.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price would suggest a potential upside of 25.21% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 target price on shares of Sportradar Group in a research report on Wednesday, April 2nd. Guggenheim restated a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a report on Thursday, April 3rd. JMP Securities reiterated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.91.

Sportradar Group Stock Up 0.4 %

NASDAQ:SRAD opened at $23.96 on Wednesday. The company has a market cap of $26.66 billion, a price-to-earnings ratio of 119.81, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $24.15. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $21.61 and a 200-day simple moving average of $18.28.

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

Institutional Trading of Sportradar Group

A number of institutional investors have recently made changes to their positions in SRAD. Greenhouse Funds LLLP raised its stake in Sportradar Group by 2.0% in the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock valued at $170,868,000 after buying an additional 193,962 shares during the last quarter. Unisphere Establishment purchased a new position in shares of Sportradar Group in the 4th quarter valued at approximately $51,596,000. Granahan Investment Management LLC boosted its stake in Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock worth $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after purchasing an additional 454,826 shares during the last quarter. Finally, Sellaronda Global Management LP acquired a new position in Sportradar Group during the 4th quarter valued at approximately $14,739,000.

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.