Sportradar Group (NASDAQ:SRAD) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Sportradar Group (NASDAQ:SRAD) released its earnings results on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02, Zacks reports. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sportradar Group updated its FY 2025 guidance to EPS.

Sportradar Group Trading Up 1.7%

NASDAQ SRAD opened at $22.93 on Monday. The company has a market capitalization of $25.52 billion, a price-to-earnings ratio of 114.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. 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 12 month low of $9.26 and a 12 month high of $25.85. The company’s fifty day moving average price is $22.13 and its two-hundred day moving average price is $19.67.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SRAD shares. Citigroup upped their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a research report on Monday. Benchmark upped their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Finally, BTIG Research started coverage on Sportradar Group in a research note on Friday, April 11th. They set a “buy” rating and a $28.00 price objective on the stock. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.