Sportradar Group (NASDAQ:SRAD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Sportradar Group (NASDAQ:SRAD) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $26.00 to $27.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 22.79% from the company’s previous close.

SRAD has been the topic of several other reports. Citigroup boosted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Benchmark increased their price objective on Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Jefferies Financial Group lifted their target price on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a report on Wednesday. Finally, Guggenheim began coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.78.

Sportradar Group Stock Performance

SRAD opened at $21.99 on Wednesday. Sportradar Group has a twelve month low of $9.17 and a twelve month high of $23.60. The firm has a market capitalization of $24.47 billion, a PE ratio of 107.36, a PEG ratio of 1.53 and a beta of 2.19. 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’s 50-day moving average price is $21.36 and its 200 day moving average price is $17.51.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share 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 company had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. As a group, sell-side analysts expect that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds have recently added to or reduced their stakes in SRAD. National Bank of Canada FI increased its position 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 worth $27,000 after acquiring an additional 1,462 shares during the period. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the 4th quarter worth $28,000. US Bancorp DE purchased a new stake in Sportradar Group during the 4th quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group during the third quarter worth about $41,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group during the fourth quarter worth approximately $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.