Sportradar Group AG (NASDAQ:SRAD) Stock Has Average Price Target of $19.19

Shares of Sportradar Group AG (NASDAQ:SRAD) have been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.19.

Several brokerages have recently issued reports on SRAD. Zacks Research cut Sportradar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Friday, August 28th. Guggenheim cut their price objective on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. UBS Group lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $16.00 in a report on Wednesday, August 5th. Finally, Freedom Capital raised Sportradar Group to a “strong-buy” rating in a research report on Monday, July 20th.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently bought and sold shares of the stock. Jericho Capital Asset Management L.P. purchased a new stake in Sportradar Group in the 4th quarter worth $75,117,000. Stephens Investment Management Group LLC boosted its holdings in Sportradar Group by 40.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock worth $52,167,000 after buying an additional 901,619 shares during the last quarter. Spruce House Investment Management LLC purchased a new stake in Sportradar Group during the 1st quarter worth approximately $46,035,000. The Manufacturers Life Insurance Company lifted its position in shares of Sportradar Group by 963.6% in the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after acquiring an additional 2,231,810 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Sportradar Group in the second quarter worth approximately $32,811,000.

Sportradar Group Stock Down 0.8%

Sportradar Group stock opened at $11.76 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 196.03 and a beta of 1.59. Sportradar Group has a 1-year low of $11.39 and a 1-year high of $27.85. The business has a fifty day moving average price of $13.01 and a 200-day moving average price of $14.42.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The business had revenue of $431.19 million for the quarter. Equities research analysts forecast that Sportradar Group will post 0.25 EPS for the current fiscal year.

About Sportradar Group

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.