Sportradar Group (NASDAQ:SRAD) Given New $35.00 Price Target at Guggenheim

Sportradar Group (NASDAQ:SRAD) had its price target raised by stock analysts at Guggenheim from $34.00 to $35.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 84.99% from the company’s previous close.

A number of other analysts have also commented on SRAD. Stifel Nicolaus began coverage on Sportradar Group in a report on Thursday. They set a “buy” rating and a $28.00 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Wells Fargo & Company reduced their price objective on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Zacks Research lowered Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Citizens Jmp reduced their price objective on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.70.

Sportradar Group Price Performance

Shares of SRAD opened at $18.92 on Thursday. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 59.57 and a beta of 2.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. Sportradar Group has a 1 year low of $18.00 and a 1 year high of $32.22. The business has a 50-day moving average of $22.02 and a 200-day moving average of $26.15.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.The company had revenue of $342.71 million for the quarter, compared to analyst estimates of $295.04 million. During the same period last year, the business earned $0.11 EPS. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SRAD. Massachusetts Financial Services Co. MA raised its position in shares of Sportradar Group by 39.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after purchasing an additional 1,721,495 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Sportradar Group during the second quarter valued at approximately $1,404,000. Greenhouse Funds LLLP increased its position in shares of Sportradar Group by 1.6% during the second quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock valued at $223,844,000 after acquiring an additional 129,276 shares in the last quarter. TD Asset Management Inc raised its holdings in Sportradar Group by 369.0% in the 2nd quarter. TD Asset Management Inc now owns 82,094 shares of the company’s stock worth $2,305,000 after acquiring an additional 64,590 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Sportradar Group by 200.0% in the 2nd quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock valued at $2,060,000 after acquiring an additional 49,272 shares in the last quarter.

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.