Sportradar Group (NASDAQ:SRAD) Price Target Raised to $35.00 at Guggenheim

Sportradar Group (NASDAQ:SRAD) had its target price hoisted by Guggenheim from $34.00 to $35.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Arete Research raised Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Wednesday. Stifel Nicolaus began coverage on Sportradar Group in a research note on Thursday. They set a “buy” rating and a $28.00 target price on the stock. Finally, Zacks Research lowered Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.70.

Sportradar Group Trading Up 1.8%

NASDAQ SRAD opened at $18.57 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 58.03 and a beta of 2.01. The company’s 50-day simple moving average is $21.94 and its two-hundred day simple moving average is $26.10. Sportradar Group has a one year low of $18.00 and a one year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.The business had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. During the same period in the previous year, the company posted $0.11 EPS. Sportradar Group’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts forecast that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenhouse Funds LLLP increased its holdings in shares of Sportradar Group by 1.6% in the second quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock valued at $223,844,000 after purchasing an additional 129,276 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Sportradar Group by 39.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after purchasing an additional 1,721,495 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Sportradar Group by 14.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock valued at $85,421,000 after buying an additional 409,545 shares during the last quarter. Invesco Ltd. increased its holdings in Sportradar Group by 0.5% in the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock worth $80,383,000 after buying an additional 15,394 shares during the period. Finally, Bank of America Corp DE raised its position in Sportradar Group by 491.6% during the 3rd quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock worth $46,495,000 after buying an additional 1,436,263 shares during the last quarter.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.