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

Needham & Company LLC reaffirmed their buy rating on shares of Sportradar Group (NASDAQ:SRAD) in a research report sent to investors on Monday,Benzinga reports. Needham & Company LLC currently has a $27.00 target price on the stock.

A number of other brokerages have also weighed in on SRAD. BTIG Research began coverage on shares of Sportradar Group in a report on Friday, April 11th. They issued a “buy” rating and a $28.00 price target on the stock. Bank of America raised shares of Sportradar Group from an “underperform” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, April 22nd. Citigroup raised their target price 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. Benchmark raised their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Finally, Canaccord Genuity Group raised their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Sportradar Group Stock Up 0.4%

Shares of NASDAQ SRAD opened at $23.43 on Monday. Sportradar Group has a 1 year low of $9.53 and a 1 year high of $25.85. The firm’s 50 day moving average price is $22.28 and its 200 day moving average price is $19.79. The firm has a market cap of $26.07 billion, a P/E ratio of 117.16, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. 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 (NASDAQ:SRAD) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Sportradar Group by 3,098.9% in the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after buying an additional 5,733 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after buying an additional 28,878 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of Sportradar Group by 80.6% in the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after buying an additional 61,105 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after buying an additional 1,272 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Sportradar Group in the 4th quarter valued at about $2,481,000.

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.