Sportradar Group AG (NASDAQ:SRAD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Sportradar Group AG (NASDAQ:SRADGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $13.94.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Sportradar Group in a research report on Thursday, May 16th. Jefferies Financial Group lifted their price target on Sportradar Group from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Morgan Stanley lifted their price target on Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, March 21st.

Get Our Latest Stock Report on SRAD

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SRAD. Roubaix Capital LLC boosted its stake in shares of Sportradar Group by 47.1% in the fourth quarter. Roubaix Capital LLC now owns 356,795 shares of the company’s stock valued at $3,943,000 after buying an additional 114,238 shares in the last quarter. 12 West Capital Management LP boosted its stake in shares of 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 buying an additional 909,933 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $302,000. Mendota Financial Group LLC purchased a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $138,000. Finally, Fifth Third Bancorp boosted its stake in shares of Sportradar Group by 11.1% in the fourth quarter. Fifth Third Bancorp now owns 22,005 shares of the company’s stock valued at $243,000 after buying an additional 2,201 shares in the last quarter.

Sportradar Group Price Performance

SRAD stock opened at $10.19 on Monday. The business has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.43. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 113.23 and a beta of 2.02. Sportradar Group has a fifty-two week low of $8.08 and a fifty-two week high of $15.56. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRADGet Free Report) last posted its 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. The firm had revenue of $271.98 million during the quarter, compared to analysts’ expectations of $267.36 million. Sportradar Group had a return on equity of 3.35% and a net margin of 2.90%. Equities research analysts anticipate that Sportradar Group will post 0.17 earnings per share for the current fiscal year.

Sportradar Group Company Profile

(Get Free Report

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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Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

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