Sportradar Group’s (SRAD) Buy Rating Reaffirmed at Guggenheim

Sportradar Group (NASDAQ:SRAD)‘s stock had its “buy” rating reiterated by equities research analysts at Guggenheim in a research note issued to investors on Thursday,Benzinga reports. They currently have a $27.00 price target on the stock. Guggenheim’s target price points to a potential upside of 27.30% from the stock’s current price.

A number of other research firms have also recently weighed in on SRAD. Benchmark raised their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Citigroup upped their price target on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Jefferies Financial Group raised their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. JMP Securities restated a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Sportradar Group Stock Down 4.5 %

NASDAQ:SRAD traded down $0.99 during trading hours on Thursday, reaching $21.21. The company’s stock had a trading volume of 272,895 shares, compared to its average volume of 643,932. The stock has a 50 day moving average price of $21.40 and a two-hundred day moving average price of $17.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $23.60 billion, a P/E ratio of 106.39, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. Sportradar Group has a 12 month low of $9.17 and a 12 month high of $23.60.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Equities analysts predict that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its position in Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE purchased a new position in Sportradar Group during the fourth quarter valued at approximately $39,000. Loomis Sayles & Co. L P acquired a new position in Sportradar Group in the fourth quarter valued at approximately $43,000. Finally, R Squared Ltd purchased a new stake in Sportradar Group in the 4th quarter worth approximately $44,000.

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.