Sportradar Group (NASDAQ:SRAD) Price Target Raised to $27.00 at JPMorgan Chase & Co.

Sportradar Group (NASDAQ:SRAD) had its price objective boosted by JPMorgan Chase & Co. from $26.00 to $27.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on SRAD. Canaccord Genuity Group lifted their target price on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a report on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Guggenheim initiated coverage on Sportradar Group in a research report on Wednesday, February 26th. They set a “buy” rating and a $27.00 target price for the company. Finally, Jefferies Financial Group upped their price target on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.78.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $22.20 on Wednesday. The company’s 50 day moving average price is $21.40 and its two-hundred day moving average price is $17.54. The firm has a market capitalization of $24.70 billion, a P/E ratio of 111.01, a P/E/G ratio of 1.53 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group has a fifty-two week low of $9.17 and a fifty-two week high of $23.60.

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

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI lifted its stake in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after buying an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group in the 4th quarter valued at $28,000. US Bancorp DE acquired a new position in shares of Sportradar Group during the 4th quarter valued at $39,000. Point72 Hong Kong Ltd bought a new position in Sportradar Group during the third quarter worth $41,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Sportradar Group in the fourth quarter worth $43,000.

Sportradar Group Company Profile

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.