Sportradar Group (NASDAQ:SRAD) Price Target Raised to $36.00 at JMP Securities

Sportradar Group (NASDAQ:SRAD) had its target price increased by JMP Securities from $30.00 to $36.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other research analysts have also recently issued reports on SRAD. Jefferies Financial Group increased their price target on Sportradar Group from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. Arete Research raised Sportradar Group to a “hold” rating in a research note on Wednesday, July 9th. The Goldman Sachs Group initiated coverage on Sportradar Group in a research note on Monday, July 21st. They issued a “neutral” rating and a $31.00 price target for the company. Truist Financial upped their price objective on Sportradar Group from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, UBS Group upped their price objective on Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.88.

Sportradar Group Trading Down 1.0%

NASDAQ:SRAD opened at $30.52 on Wednesday. Sportradar Group has a 1 year low of $11.45 and a 1 year high of $32.22. The stock has a market cap of $33.96 billion, a price-to-earnings ratio of 84.78 and a beta of 2.07. The business has a fifty day moving average of $29.46 and a 200-day moving average of $25.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company had revenue of $374.25 million during the quarter, compared to analysts’ expectations of $315.30 million. The company’s revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Equities analysts predict that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

Hedge funds have recently modified their holdings of the stock. ORG Partners LLC lifted its holdings in shares of Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 962 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock valued at $44,000 after purchasing an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after purchasing an additional 1,620 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock valued at $38,000 after purchasing an additional 537 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock valued at $46,000 after purchasing an additional 551 shares during the last quarter.

About Sportradar Group

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.