Sportradar Group (NASDAQ:SRAD) Raised to “Buy” at Bank of America

Sportradar Group (NASDAQ:SRAD) was upgraded by analysts at Bank of America from an “underperform” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat reports. The brokerage presently has a $28.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 21.16% from the stock’s previous close.

SRAD has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. BTIG Research began coverage on shares of Sportradar Group in a research note on Friday, April 11th. They set a “buy” rating and a $28.00 price target for the company. Citigroup boosted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Benchmark raised their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, UBS Group raised their price target on Sportradar Group from $24.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Sportradar Group Stock Down 7.7 %

Shares of Sportradar Group stock opened at $23.11 on Tuesday. The company has a market capitalization of $25.72 billion, a P/E ratio of 115.56, a price-to-earnings-growth 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. The business has a 50-day moving average of $21.82 and a two-hundred day moving average of $18.68. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $25.85.

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

Institutional Trading of Sportradar Group

Several large investors have recently made changes to their positions in SRAD. National Bank of Canada FI lifted its holdings in shares of 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 worth $27,000 after acquiring an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the fourth quarter valued at approximately $28,000. US Bancorp DE bought a new stake in shares of Sportradar Group during the fourth quarter worth $39,000. Loomis Sayles & Co. L P acquired a new position in shares of Sportradar Group during the fourth quarter worth $43,000. Finally, R Squared Ltd acquired a new position in shares of Sportradar Group during the fourth quarter worth $44,000.

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.