UBS Group Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its price target increased by analysts at UBS Group from $24.00 to $29.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 39.83% from the stock’s current price.

Other analysts also recently issued reports about the stock. JMP Securities reissued a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. Jefferies Financial Group raised their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Canaccord Genuity Group upped their price objective on Sportradar Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. Morgan Stanley lifted their target price on Sportradar Group from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Finally, Benchmark boosted their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, March 20th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.30.

Sportradar Group Stock Up 0.3 %

Shares of NASDAQ SRAD traded up $0.07 on Tuesday, reaching $20.74. 2,149,201 shares of the company’s stock traded hands, compared to its average volume of 672,771. The business’s 50 day simple moving average is $21.41 and its two-hundred day simple moving average is $17.77. Sportradar Group has a 12 month low of $9.17 and a 12 month high of $23.60. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 103.71, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. As a group, equities research analysts forecast that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

A number of large investors have recently modified their holdings of the company. Greenhouse Funds LLLP grew its holdings in Sportradar Group by 2.0% during the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock worth $170,868,000 after acquiring an additional 193,962 shares in the last quarter. Unisphere Establishment acquired a new position in shares of Sportradar Group in the 4th quarter valued at $51,596,000. Granahan Investment Management LLC grew its stake in Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sportradar Group by 47.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock valued at $24,370,000 after purchasing an additional 454,826 shares during the period. Finally, Sellaronda Global Management LP acquired a new stake in shares of Sportradar Group during the fourth quarter worth about $14,739,000.

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.