Sportradar Group (NASDAQ:SRAD) Price Target Raised to $35.00

Sportradar Group (NASDAQ:SRAD) had its price target lifted by Guggenheim from $34.00 to $35.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also commented on SRAD. Wells Fargo & Company decreased their price objective on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. UBS Group reduced their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Zacks Research downgraded shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Stifel Nicolaus began coverage on shares of Sportradar Group in a research report on Thursday. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $31.70.

Sportradar Group Stock Down 2.2%

SRAD stock opened at $18.16 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. The company’s 50 day simple moving average is $21.86 and its 200-day simple moving average is $26.01. Sportradar Group has a 12 month low of $17.89 and a 12 month high of $32.22. The firm has a market capitalization of $5.44 billion, a PE ratio of 56.75 and a beta of 2.01.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. Sportradar Group’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Equities analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

A number of institutional investors and hedge funds have recently made changes to their positions in SRAD. ORG Partners LLC boosted its holdings in Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after acquiring an additional 962 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Sportradar Group by 3,058.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after purchasing an additional 1,529 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Sportradar Group by 10,125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Sportradar Group by 436.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock valued at $82,000 after purchasing an additional 2,791 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of Sportradar Group by 29.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after purchasing an additional 801 shares during the period.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.