BTIG Research Begins Coverage on Sportradar Group (NASDAQ:SRAD)

BTIG Research initiated coverage on shares of Sportradar Group (NASDAQ:SRAD) in a report published on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $28.00 price target on the stock.

Several other equities research analysts have also recently weighed in on SRAD. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Morgan Stanley boosted their target price on shares of Sportradar Group from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of Sportradar Group in a report on Wednesday, April 2nd. Benchmark boosted their price objective on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective on Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.45.

Sportradar Group Stock Up 2.5 %

SRAD opened at $22.57 on Friday. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $23.60. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $21.50 and a two-hundred day simple moving average of $18.09. The company has a market capitalization of $25.12 billion, a PE ratio of 112.86, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10.

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

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently modified their holdings of SRAD. Unisphere Establishment bought a new position in Sportradar Group in the 4th quarter valued at $51,596,000. Granahan Investment Management LLC boosted its stake in shares of Sportradar Group by 86.2% during the fourth 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 period. Sellaronda Global Management LP bought a new position in shares of Sportradar Group in the fourth quarter worth about $14,739,000. Penn Capital Management Company LLC purchased a new position in Sportradar Group in the 4th quarter worth about $14,029,000. Finally, New York State Common Retirement Fund bought a new stake in Sportradar Group during the 4th quarter valued at about $12,887,000.

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.