<div id="readability-page-1"><p><span>Sportradar Group (NASDAQ:SRAD - Get Free Report)</span> had its price objective hoisted by Morgan Stanley  from $24.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an &#34;equal weight&#34; rating on the stock. Morgan Stanley's price objective indicates a potential upside of 45.56% from the company's previous close.</p><div><p><span></span><span>Get <strong>Sportradar Group</strong> alerts:</span></p></div><ul><li>Sportradar Rides the Sports Betting Trend From Behind the Curtain</li></ul><p>SRAD has been the topic of a number of other research reports. Needham &amp; Company LLC lowered their target price on Sportradar Group from $34.00 to $27.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday, March 4th. Wells Fargo &amp; Company lowered their target price on Sportradar Group from $26.00 to $24.00 and set an &#34;overweight&#34; rating on the stock in a research note on Wednesday, March 4th. Stifel Nicolaus assumed coverage on Sportradar Group in a research note on Thursday, January 22nd. They set a &#34;buy&#34; rating and a $28.00 target price on the stock. Benchmark  reiterated a &#34;buy&#34; rating on shares of Sportradar Group in a research note on Wednesday, January 21st. Finally, Guggenheim  reiterated a &#34;buy&#34; rating on shares of Sportradar Group in a research note on Tuesday, March 3rd. One equities research analyst  has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued  a Hold rating and one  has given a Sell rating to the stock. According to MarketBeat, the company  has an average rating of &#34;Moderate Buy&#34; and an average target price of $30.18.</p><p><b>Check Out Our Latest Stock Analysis on Sportradar Group</b></p><h2>Sportradar Group Stock Performance</h2><ul><li>Genius Sports Scores an 18-Month High on NFL Deal</li></ul><p>NASDAQ:SRAD traded up $0.61 on Wednesday, hitting $17.18. The company's stock had a trading volume of 114,481 shares, compared to its average volume of 2,608,985. The firm has a market capitalization of $5.14 billion, a P/E ratio of 52.12 and a beta of 1.98. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group has a one year low of $15.73 and a one year high of $32.22. The stock has a fifty day moving average of $17.88 and a two-hundred day moving average of $21.59. </p><p>Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). The firm had revenue of $432.81 million for the quarter, compared to the consensus estimate of $369.59 million. Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The company's quarterly revenue was up 20.2% compared to the same quarter last year.  Research analysts predict that  Sportradar Group will post 0.15 earnings per share for the current year. </p><h2>Hedge Funds Weigh In On Sportradar Group</h2><ul><li>Is Sportradar Group A Growth Stock To Bet On In 2023?</li></ul><p>A number of hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its holdings 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 valued at $164,223,000 after purchasing an additional 1,721,495 shares in the last quarter.  TD Asset Management Inc boosted its holdings 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 valued at $14,582,000 after purchasing an additional 460,000 shares in the last quarter.  JPMorgan Chase &amp; Co. boosted its holdings in shares of  Sportradar Group by 71.7% in the 3rd quarter. JPMorgan Chase &amp; Co. now owns 1,174,810 shares of the company's stock valued at $31,602,000 after purchasing an additional 490,755 shares in the last quarter.  Kingdon Capital Management L.L.C. boosted its holdings in shares of  Sportradar Group by 18.5% during the 3rd quarter. Kingdon Capital Management L.L.C. now owns 474,000 shares of the company's stock valued at $12,751,000 after acquiring an additional 74,000 shares in the last quarter.  Finally, American Century Companies Inc. boosted its holdings in shares of  Sportradar Group by 9.7% during the 3rd quarter. American Century Companies Inc. now owns 754,222 shares of the company's stock valued at $20,289,000 after acquiring an additional 66,736 shares in the last quarter. </p><h2>Sportradar Group Company Profile</h2> (Get Free Report)<p>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.  </p><p>Founded in 2001 and headquartered in St.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Sportradar Group</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1JBRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1JBRA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sportradar Group Right Now?</h2><p>Before you consider Sportradar Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sportradar Group wasn't on the list.</p><p>While Sportradar Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Morgan Stanley has raised its price target for Sportradar Group (NASDAQ:SRAD) from $24.00 to $25.00, maintaining an "equal weight" rating. This new target suggests a potential upside of 45.56% from the previous close. Other analysts have varied opinions, with Needham lowering its target to $27.00 and Wells Fargo to $24.00. Sportradar's stock was trading at $17.18, with a market cap of $5.14 billion. The company reported a revenue increase of 20.2% year-over-year, although it missed earnings expectations for the last quarter.</p>

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