BTIG Research Begins Coverage on Sportradar Group (NASDAQ:SRAD)

Equities researchers at BTIG Research initiated coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research report issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $28.00 price target on the stock. BTIG Research’s price target would indicate a potential upside of 24.06% from the stock’s current price.

SRAD has been the topic of several other reports. Needham & Company LLC restated a “buy” rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Wednesday, April 2nd. Citigroup boosted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Canaccord Genuity Group lifted their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. Guggenheim reaffirmed a “buy” rating and set a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. Finally, Morgan Stanley boosted their target price on Sportradar Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.45.

Sportradar Group Trading Up 2.5 %

Shares of NASDAQ SRAD opened at $22.57 on Friday. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $23.60. 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 company has a 50-day moving average of $21.50 and a two-hundred day moving average of $18.09. The company has a market cap of $25.12 billion, a PE ratio of 112.86, a P/E/G ratio of 1.53 and a beta of 2.10.

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

Hedge Funds Weigh In On Sportradar Group

A number of large investors have recently modified their holdings of SRAD. Greenhouse Funds LLLP raised its holdings in Sportradar Group by 2.0% during the fourth 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 in the last quarter. Unisphere Establishment bought a new stake in Sportradar Group in the 4th quarter valued at about $51,596,000. Granahan Investment Management LLC grew its position in Sportradar Group by 86.2% during the fourth 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. Arrowstreet Capital Limited Partnership grew its holdings in shares of Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after purchasing an additional 454,826 shares in the last quarter. Finally, Sellaronda Global Management LP bought a new position in Sportradar Group in the 4th quarter valued at about $14,739,000.

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.