Sportradar Group AG (NASDAQ:SRAD) Receives $31.78 Average Target Price from Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.7778.

A number of equities research analysts have recently issued reports on SRAD shares. JPMorgan Chase & Co. upped their price target on Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Zacks Research downgraded shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday, December 1st. Finally, Roth Capital started coverage on Sportradar Group in a report on Friday, September 12th. They issued a “buy” rating and a $40.00 price objective on the stock.

Sportradar Group Trading Down 1.5%

Shares of SRAD stock opened at $22.46 on Friday. Sportradar Group has a fifty-two week low of $16.27 and a fifty-two week high of $32.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s fifty day moving average is $24.46 and its two-hundred day moving average is $26.92. The firm has a market capitalization of $6.73 billion, a P/E ratio of 70.19 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. Sportradar Group’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. Research analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA acquired a new position in Sportradar Group in the second quarter valued at about $123,087,000. Invesco Ltd. raised its stake in shares of Sportradar Group by 536.7% in the 2nd quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock valued at $83,477,000 after acquiring an additional 2,505,890 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Sportradar Group during the 1st quarter worth approximately $48,596,000. Bank of America Corp DE increased its holdings in Sportradar Group by 491.6% in the 3rd quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock valued at $46,495,000 after purchasing an additional 1,436,263 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Sportradar Group by 76.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock valued at $77,668,000 after purchasing an additional 1,196,197 shares during the period.

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.