Sportradar Group (SRAD) Set to Announce Earnings on Wednesday

Sportradar Group (NASDAQ:SRADGet Rating) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 18th. Analysts expect Sportradar Group to post earnings of $0.03 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Shares of Sportradar Group stock opened at $9.89 on Wednesday. Sportradar Group has a fifty-two week low of $9.82 and a fifty-two week high of $28.22. The business’s fifty day moving average is $13.78 and its two-hundred day moving average is $15.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.36 and a quick ratio of 3.36.

A number of brokerages have weighed in on SRAD. Canaccord Genuity Group reduced their price target on Sportradar Group from $35.00 to $25.00 in a research note on Thursday, March 31st. Morgan Stanley lowered Sportradar Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 18th. UBS Group cut their target price on Sportradar Group from $28.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 17th. Bank of America lowered Sportradar Group from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Monday, April 4th. Finally, Canaccord Genuity Group cut their target price on Sportradar Group from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $24.75.

Several institutional investors have recently made changes to their positions in the company. Morgan Stanley acquired a new position in Sportradar Group in the third quarter worth about $80,000. Bank of America Corp DE acquired a new position in Sportradar Group in the fourth quarter worth about $196,000. Wells Fargo & Company MN grew its stake in Sportradar Group by 169.3% in the fourth quarter. Wells Fargo & Company MN now owns 25,551 shares of the company’s stock worth $449,000 after purchasing an additional 16,062 shares in the last quarter. Deutsche Bank AG grew its stake in Sportradar Group by 71.6% in the fourth quarter. Deutsche Bank AG now owns 103,517 shares of the company’s stock worth $1,819,000 after purchasing an additional 43,201 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Sportradar Group by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 153,421 shares of the company’s stock worth $2,695,000 after purchasing an additional 8,183 shares in the last quarter. Institutional investors own 61.85% of the company’s stock.

About Sportradar Group (Get Rating)

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.

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