Sportradar Group (NASDAQ:SRAD) Price Target Raised to $25.00 at Morgan Stanley

Sportradar Group (NASDAQ:SRAD) had its price objective increased by stock analysts at Morgan Stanley from $24.00 to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 45.56% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Truist Financial set a $32.00 price objective on Sportradar Group in a report on Tuesday, March 3rd. Wells Fargo & Company lowered their target price on Sportradar Group from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. BTIG Research lowered their target price on Sportradar Group from $32.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. UBS Group lowered their target price on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Stifel Nicolaus initiated coverage on Sportradar Group in a research report on Thursday, January 22nd. They set a “buy” rating and a $28.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and an average price target of $30.18.

Sportradar Group Price Performance

Shares of NASDAQ SRAD traded up $0.61 during mid-day trading on Wednesday, hitting $17.18. 114,481 shares of the stock traded hands, compared to its average volume of 2,608,985. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.36. Sportradar Group has a twelve month low of $15.73 and a twelve month high of $32.22. The company has a market cap of $5.14 billion, a PE ratio of 52.12 and a beta of 1.98. The firm has a 50 day simple moving average of $17.88 and a two-hundred day simple moving average of $21.59.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The firm had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts forecast that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. 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 acquiring an additional 1,721,495 shares in the last quarter. TD Asset Management Inc raised its position in shares of Sportradar Group by 560.3% in the 3rd quarter. TD Asset Management Inc now owns 542,094 shares of the company’s stock worth $14,582,000 after acquiring an additional 460,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Sportradar Group by 71.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,174,810 shares of the company’s stock worth $31,602,000 after acquiring an additional 490,755 shares in the last quarter. Kingdon Capital Management L.L.C. raised its position in shares of Sportradar Group by 18.5% in the 3rd quarter. Kingdon Capital Management L.L.C. now owns 474,000 shares of the company’s stock worth $12,751,000 after acquiring an additional 74,000 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Sportradar Group by 9.7% in the 3rd quarter. American Century Companies Inc. now owns 754,222 shares of the company’s stock worth $20,289,000 after acquiring an additional 66,736 shares in the last quarter.

Sportradar Group Company Profile

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.