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

Sportradar Group AG (NASDAQ:SRAD) gapped up prior to trading 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 traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SRAD shares. Jefferies Financial Group lifted their price target on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. Canaccord Genuity Group raised their target price on shares of Sportradar Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Guggenheim initiated coverage on Sportradar Group in a report on Wednesday, February 26th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Benchmark increased their price target on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Sportradar Group Price Performance

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 stock has a fifty day moving average of $21.33 and a two-hundred day moving average of $17.44. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 112.41, a PEG ratio of 1.53 and a beta of 2.19.

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

Institutional Trading of Sportradar Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after purchasing an additional 28,878 shares during the period. Jane Street Group LLC acquired a new position in Sportradar Group during the third quarter valued at approximately $479,000. Cornerstone Investment Partners LLC bought a new stake in shares of Sportradar Group during the 4th quarter worth $199,000. Moody National Bank Trust Division lifted its holdings in shares of Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after acquiring an additional 61,105 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Sportradar Group in the fourth quarter valued at approximately $406,000.

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.