Sportradar Group (NASDAQ:SRAD) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $31.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Macquarie began coverage on shares of Sportradar Group in a report on Friday, June 20th. They issued an “outperform” rating and a $32.00 price objective on the stock. Bank of America raised Sportradar Group from an “underperform” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, April 22nd. Morgan Stanley upped their price target on Sportradar Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. JMP Securities boosted their price target on Sportradar Group from $25.00 to $30.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 15th. Finally, BTIG Research began coverage on Sportradar Group in a research report on Friday, April 11th. They issued a “buy” rating and a $28.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Sportradar Group Trading Down 1.5%

Shares of SRAD stock opened at $29.80 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $25.83 and its two-hundred day moving average is $23.00. The company has a market capitalization of $33.16 billion, a P/E ratio of 156.85 and a beta of 2.07. Sportradar Group has a twelve month low of $10.06 and a twelve month high of $30.63.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities analysts forecast that Sportradar Group will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Unisphere Establishment bought a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $51,596,000. Driehaus Capital Management LLC purchased a new stake in Sportradar Group in the 1st quarter worth approximately $48,596,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Sportradar Group during the first quarter worth $20,657,000. Granahan Investment Management LLC raised its stake in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after acquiring an additional 930,310 shares during the period. Finally, Sellaronda Global Management LP acquired a new stake in Sportradar Group during the 4th quarter valued at approximately $14,739,000.

Sportradar Group Company Profile

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.