Sportradar Group’s (SRAD) “Buy” Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of Sportradar Group (NASDAQ:SRADFree Report) in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a $12.00 price target on the stock.

A number of other equities research analysts also recently commented on the stock. Canaccord Genuity Group reiterated a buy rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, March 21st. Citigroup boosted their price target on Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a report on Friday, March 22nd. Jefferies Financial Group decreased their price objective on Sportradar Group from $13.00 to $11.00 and set a hold rating on the stock in a report on Tuesday, April 16th. Needham & Company LLC reiterated a buy rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Thursday. Finally, Morgan Stanley increased their target price on Sportradar Group from $11.00 to $11.50 and gave the stock an equal weight rating in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $13.94.

View Our Latest Stock Report on Sportradar Group

Sportradar Group Trading Up 0.5 %

Shares of Sportradar Group stock opened at $10.65 on Thursday. Sportradar Group has a 1 year low of $8.08 and a 1 year high of $15.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50 day moving average price of $10.37 and a 200 day moving average price of $10.38. The company has a market capitalization of $11.84 billion, a P/E ratio of 118.35 and a beta of 2.02.

Sportradar Group (NASDAQ:SRADGet Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $271.98 million during the quarter, compared to analysts’ expectations of $267.36 million. Sportradar Group had a return on equity of 3.41% and a net margin of 2.90%. Sell-side analysts anticipate that Sportradar Group will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

A number of large investors have recently modified their holdings of SRAD. Adalta Capital Management LLC increased its position in Sportradar Group by 69.3% during the 1st quarter. Adalta Capital Management LLC now owns 16,925 shares of the company’s stock worth $197,000 after purchasing an additional 6,925 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Sportradar Group in the 1st quarter valued at $158,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Sportradar Group by 23.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock valued at $295,000 after acquiring an additional 4,789 shares in the last quarter. Aristides Capital LLC purchased a new stake in Sportradar Group during the 1st quarter worth $281,000. Finally, Lazard Asset Management LLC acquired a new stake in Sportradar Group in the 1st quarter valued at $60,000.

Sportradar Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

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