Morgan Stanley Increases Sportradar Group (NASDAQ:SRAD) Price Target to $25.00

Sportradar Group (NASDAQ:SRAD) had its price target raised by equities research analysts at Morgan Stanley from $24.00 to $25.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 64.04% from the stock’s previous close.

SRAD has been the subject of several other research reports. Guggenheim reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Tuesday, March 3rd. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Truist Financial set a $32.00 price target on Sportradar Group in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company reduced their price objective on Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Sportradar Group Trading Down 8.4%

NASDAQ:SRAD opened at $15.24 on Wednesday. The company has a market capitalization of $4.56 billion, a PE ratio of 46.18 and a beta of 1.98. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. Sportradar Group has a 52-week low of $15.05 and a 52-week high of $32.22. The stock has a fifty day simple moving average of $17.78 and a 200-day simple moving average of $21.51.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). The firm had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The firm’s revenue was up 20.2% on a year-over-year basis. On average, equities research analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

Large investors have recently modified their holdings of the company. Cresset Asset Management LLC grew its holdings in Sportradar Group by 2.1% during the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock valued at $526,000 after purchasing an additional 394 shares in the last quarter. Mindset Wealth Management LLC grew its holdings in Sportradar Group by 5.5% during the 3rd quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock valued at $242,000 after purchasing an additional 466 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Sportradar Group by 5.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock valued at $260,000 after purchasing an additional 489 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Sportradar Group by 93.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after purchasing an additional 620 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. grew its holdings in Sportradar Group by 7.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 14,745 shares of the company’s stock valued at $356,000 after purchasing an additional 1,055 shares in the last quarter.

Sportradar Group Company Profile

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.