Sportradar Group (NASDAQ:SRAD) Now Covered by Macquarie

Macquarie assumed coverage on shares of Sportradar Group (NASDAQ:SRAD) in a report released on Friday, MarketBeat reports. The firm issued an outperform rating and a $32.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the stock. 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 target price for the company. UBS Group increased their price target on Sportradar Group from $24.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Benchmark upped their target price on Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, Citigroup lifted their target price 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 twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.38.

Sportradar Group Stock Up 0.8%

Shares of SRAD opened at $25.40 on Friday. The stock’s 50-day moving average price is $23.76 and its two-hundred day moving average price is $21.37. Sportradar Group has a 12 month low of $10.06 and a 12 month high of $26.19. The company has a market capitalization of $28.26 billion, a PE ratio of 133.69 and a beta of 2.04. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The company had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, analysts anticipate that Sportradar Group will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in shares of Sportradar Group by 34.9% during the first quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company’s stock worth $31,574,000 after purchasing an additional 378,163 shares during the period. Integrity Alliance LLC. bought a new stake in Sportradar Group during the 1st quarter valued at $321,000. Goldman Sachs Group Inc. increased its stake in Sportradar Group by 175.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after purchasing an additional 388,769 shares in the last quarter. Nixon Capital LLC raised its holdings in Sportradar Group by 8.2% during the first quarter. Nixon Capital LLC now owns 519,059 shares of the company’s stock worth $11,222,000 after buying an additional 39,321 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sportradar Group in the first quarter valued at $573,000.

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.