Sportradar Group (NASDAQ:SRAD) Price Target Raised to $22.00 at Morgan Stanley

Sportradar Group (NASDAQ:SRAD) had its price objective upped by Morgan Stanley from $21.00 to $22.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also recently commented on SRAD. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Jefferies Financial Group lifted their price objective on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Needham & Company LLC restated a “buy” rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $25.78.

Sportradar Group Trading Up 2.2 %

NASDAQ:SRAD opened at $22.20 on Wednesday. The company has a market cap of $24.70 billion, a P/E ratio of 111.01, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s fifty day moving average price is $21.40 and its two-hundred day moving average price is $17.54.

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

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds have recently made changes to their positions in SRAD. National Bank of Canada FI grew its holdings in shares of Sportradar Group by 1,366.4% during the 4th 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 during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Sportradar Group during the fourth quarter valued at about $28,000. US Bancorp DE bought a new position in shares of Sportradar Group during the fourth quarter valued at about $39,000. Loomis Sayles & Co. L P purchased a new position in shares of Sportradar Group in the fourth quarter worth about $43,000. Finally, R Squared Ltd bought a new stake in shares of Sportradar Group in the 4th quarter valued at 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.