Sportradar Group (NASDAQ:SRAD) Shares Gap Up – Still a Buy?

Sportradar Group AG (NASDAQ:SRAD) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.62, but opened at $23.60. Sportradar Group shares last traded at $22.26, with a volume of 343,535 shares changing hands.

Analysts Set New Price Targets

SRAD has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Benchmark raised their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Needham & Company LLC increased their target price on shares of Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. increased their price objective on Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Finally, Citigroup boosted their target price on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Price Performance

The business’s fifty day simple moving average is $21.33 and its 200-day simple moving average is $17.44. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $25.07 billion, a P/E ratio of 112.41, a PEG ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The company had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. As a group, analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Greenhouse Funds LLLP increased its stake in Sportradar Group by 2.0% in the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock worth $170,868,000 after acquiring an additional 193,962 shares during the last quarter. Janus Henderson Group PLC lifted its position in Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after purchasing an additional 463,441 shares during the last quarter. Unisphere Establishment purchased a new position in Sportradar Group in the 4th quarter worth approximately $51,596,000. Granahan Investment Management LLC grew its stake in Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock worth $34,836,000 after buying an additional 930,310 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Sportradar Group by 47.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after buying an additional 454,826 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.