Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Sportradar Group (NASDAQ:SRAD) had its price target hoisted by analysts at Canaccord Genuity Group from $30.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 57.48% from the stock’s previous close.

Several other equities analysts have also commented on SRAD. Morgan Stanley increased 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. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a report on Wednesday. Benchmark boosted their target price on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Citigroup increased their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group boosted their price objective 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.00.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $20.32 on Thursday. The business has a 50-day simple moving average of $21.39 and a 200-day simple moving average of $17.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a one year low of $9.17 and a one year high of $23.60. The company has a market cap of $22.61 billion, a PE ratio of 101.61, a P/E/G ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (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 firm had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $294.60 million. On average, equities research analysts forecast that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

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

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.