Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Sportradar Group (NASDAQ:SRAD) had its price target upped by research analysts at JPMorgan Chase & Co. from $30.00 to $35.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 16.12% from the stock’s current price.

SRAD has been the subject of several other research reports. JMP Securities raised their price objective on shares of Sportradar Group from $30.00 to $36.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 3rd. Arete started coverage on shares of Sportradar Group in a report on Wednesday, July 9th. They set a “neutral” rating and a $31.00 price objective for the company. Zacks Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. The Goldman Sachs Group started coverage on shares of Sportradar Group in a report on Monday, July 21st. They set a “neutral” rating and a $31.00 price objective for the company. Finally, Arete Research raised shares of Sportradar Group to a “hold” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.88.

Sportradar Group Stock Up 2.3%

Shares of SRAD opened at $30.14 on Friday. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 83.72 and a beta of 2.07. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. Sportradar Group has a 12 month low of $11.72 and a 12 month high of $32.22. The company has a 50-day moving average price of $29.95 and a two-hundred day moving average price of $25.87.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The firm had revenue of $374.25 million during the quarter, compared to analysts’ expectations of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Equities analysts predict that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRAD. ORG Partners LLC lifted its position in Sportradar Group by 2,137.8% during the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 962 shares in the last quarter. Pacer Advisors Inc. lifted its position in 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 buying an additional 537 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after buying an additional 1,529 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock worth $46,000 after buying an additional 551 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the last quarter.

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.