Sportradar Group (NASDAQ:SRAD) Trading 5% Higher – Still a Buy?

Sportradar Group AG (NASDAQ:SRAD) shares traded up 5% on Thursday . The stock traded as high as $19.39 and last traded at $19.2830. 948,070 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 2,733,354 shares. The stock had previously closed at $18.36.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. BTIG Research dropped their target price on shares of Sportradar Group from $32.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Needham & Company LLC cut their target price on shares of Sportradar Group from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Stifel Nicolaus started coverage on Sportradar Group in a research report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Guggenheim reissued a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.16.

Sportradar Group Stock Up 5.6%

The firm’s 50-day simple moving average is $18.30 and its 200-day simple moving average is $22.88. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 58.82 and a beta of 2.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.17.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The company had revenue of $432.81 million during the quarter, compared to the consensus estimate of $369.59 million. The company’s revenue was up 20.2% compared to the same quarter last year. Sell-side analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SRAD. Rockefeller Capital Management L.P. raised its stake in shares of Sportradar Group by 4,969.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company’s stock valued at $142,000 after buying an additional 5,864 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Sportradar Group by 29.1% during the fourth quarter. Hsbc Holdings PLC now owns 91,798 shares of the company’s stock worth $2,209,000 after purchasing an additional 20,672 shares during the period. SHP Wealth Management acquired a new stake in Sportradar Group during the fourth quarter valued at approximately $86,000. Sit Investment Associates Inc. grew its stake in shares of Sportradar Group by 55.9% in the 4th quarter. Sit Investment Associates Inc. now owns 144,225 shares of the company’s stock valued at $3,428,000 after purchasing an additional 51,700 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Sportradar Group by 24.9% in the 4th quarter. Pacer Advisors Inc. now owns 6,230 shares of the company’s stock valued at $148,000 after purchasing an additional 1,241 shares during the period.

Sportradar Group Company Profile

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.

Founded in 2001 and headquartered in St.