Guggenheim Reiterates Buy Rating for Sportradar Group (NASDAQ:SRAD)

Sportradar Group (NASDAQ:SRAD)‘s stock had its “buy” rating restated by investment analysts at Guggenheim in a note issued to investors on Thursday,Benzinga reports. They currently have a $27.00 target price on the stock. Guggenheim’s price objective would suggest a potential upside of 32.87% from the company’s previous close.

SRAD has been the subject of a number of other research reports. Jefferies Financial Group boosted their price objective 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. Morgan Stanley upped their target price on Sportradar Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday. JMP Securities restated a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. Benchmark upped 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 target price on Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Sportradar Group Price Performance

Shares of SRAD opened at $20.32 on Thursday. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $23.60. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 101.61, a PEG ratio of 1.53 and a beta of 2.19. The stock has a 50 day moving average of $21.39 and a 200-day moving average of $17.63.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SRAD. National Bank of Canada FI raised its stake in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after purchasing an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the 4th quarter valued at about $28,000. US Bancorp DE bought a new stake in shares of Sportradar Group during the 4th quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group in the 4th quarter worth approximately $43,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group in the fourth quarter valued at approximately $44,000.

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.