Sportradar Group’s (SRAD) “Buy” Rating Reiterated at Needham & Company LLC

Sportradar Group (NASDAQ:SRAD)‘s stock had its “buy” rating restated by Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They currently have a $27.00 price objective on the stock. Needham & Company LLC’s target price indicates a potential upside of 24.25% from the company’s current price.

A number of other analysts have also recently weighed in on SRAD. JPMorgan Chase & Co. boosted their price objective on shares of Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. JMP Securities restated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Benchmark lifted 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. Guggenheim began coverage on Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 target price for the company. Finally, Citigroup boosted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Trading Up 0.5 %

Shares of NASDAQ:SRAD opened at $21.73 on Wednesday. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.60. The firm has a fifty day moving average price of $21.36 and a 200 day moving average price of $17.51. 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 stock has a market capitalization of $24.18 billion, a PE ratio of 108.66, a P/E/G ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD) last issued 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 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 analyst estimates of $294.60 million. Analysts expect that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Several institutional investors have recently made changes to their positions in SRAD. National Bank of Canada FI boosted its holdings in 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 stake in Sportradar Group in the 4th quarter valued at $28,000. US Bancorp DE acquired a new position in Sportradar Group during the fourth quarter worth $39,000. Point72 Hong Kong Ltd bought a new position in shares of Sportradar Group during the third quarter valued at $41,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group in the 4th quarter valued at $43,000.

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.