Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Sportradar Group (NASDAQ:SRAD) had its target price increased by Morgan Stanley from $22.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 4.01% from the company’s previous close.

A number of other equities research analysts also recently issued reports on SRAD. JPMorgan Chase & Co. upped their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Benchmark boosted their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday. BTIG Research started coverage on shares of Sportradar Group in a research note on Friday, April 11th. They issued a “buy” rating and a $28.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Finally, UBS Group increased their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.91.

Sportradar Group Trading Up 0.4 %

SRAD stock opened at $23.96 on Wednesday. The company has a market capitalization of $26.66 billion, a price-to-earnings ratio of 119.81, 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 has a 1-year low of $9.17 and a 1-year high of $24.15. The business has a 50 day simple moving average of $21.61 and a two-hundred day simple moving average of $18.28.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The firm had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. Research analysts anticipate that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds have recently modified their holdings of the stock. National Bank of Canada FI raised 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the fourth quarter worth approximately $28,000. US Bancorp DE acquired a new position in shares of Sportradar Group in the 4th quarter valued at $39,000. Loomis Sayles & Co. L P purchased a new stake in Sportradar Group in the 4th quarter valued at $43,000. Finally, R Squared Ltd purchased a new stake in Sportradar Group in the 4th quarter valued at $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.