Jefferies Financial Group Trims Sportradar Group (NASDAQ:SRAD) Target Price to $11.00

Sportradar Group (NASDAQ:SRAD) had its price target reduced by research analysts at Jefferies Financial Group from $13.00 to $11.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 10.33% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of Sportradar Group in a report on Wednesday, March 20th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a report on Thursday, March 21st. Morgan Stanley increased their price objective on shares of Sportradar Group from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Citigroup lifted their target price on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

Sportradar Group Price Performance

NASDAQ SRAD opened at $9.97 on Tuesday. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 83.09 and a beta of 1.97. Sportradar Group has a 1-year low of $8.08 and a 1-year high of $15.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.26 and a quick ratio of 1.26. The business’s fifty day moving average price is $10.54 and its 200-day moving average price is $10.29.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The business had revenue of $271.98 million for the quarter, compared to the consensus estimate of $267.36 million. On average, equities analysts predict that Sportradar Group will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Sportradar Group

A number of large investors have recently bought and sold shares of the business. Federated Hermes Inc. increased its holdings in shares of Sportradar Group by 19.5% in the 3rd quarter. Federated Hermes Inc. now owns 5,013,112 shares of the company’s stock valued at $50,181,000 after acquiring an additional 819,078 shares during the period. 12 West Capital Management LP grew its stake in Sportradar Group by 33.4% in the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock valued at $36,419,000 after purchasing an additional 909,933 shares during the last quarter. Durable Capital Partners LP raised its holdings in Sportradar Group by 46.0% in the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock worth $54,967,000 after purchasing an additional 1,040,085 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Sportradar Group during the first quarter valued at about $32,918,000. Finally, Millennium Management LLC boosted its holdings in shares of Sportradar Group by 46.1% in the 4th quarter. Millennium Management LLC now owns 845,451 shares of the company’s stock valued at $8,421,000 after buying an additional 266,888 shares in the last quarter.

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.