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

Sportradar Group (NASDAQ:SRAD) had its price objective boosted by JMP Securities from $25.00 to $30.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

SRAD has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Morgan Stanley lifted their target price on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. Jefferies Financial Group lifted their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Bank of America raised shares of Sportradar Group from an “underperform” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a research report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.13.

Sportradar Group Trading Up 1.3%

Sportradar Group stock opened at $30.35 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $25.69 and a two-hundred day moving average price of $22.83. The firm has a market capitalization of $33.77 billion, a price-to-earnings ratio of 159.75 and a beta of 2.07. Sportradar Group has a 52-week low of $10.06 and a 52-week high of $30.63.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business had revenue of $336.71 million during the quarter, compared to analyst estimates of $318.81 million. Sportradar Group’s revenue was up 17.0% on a year-over-year basis. Sell-side analysts expect that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SRAD. Pacer Advisors Inc. lifted its holdings in shares of Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock worth $38,000 after acquiring an additional 537 shares during the period. SBI Securities Co. Ltd. raised its stake in Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock worth $46,000 after buying an additional 551 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Sportradar Group by 1.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock worth $755,000 after buying an additional 691 shares during the last quarter. ORG Partners LLC grew its holdings in Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 962 shares during the period. Finally, LPL Financial LLC increased its stake in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock valued at $618,000 after purchasing an additional 1,287 shares in the last quarter.

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.