Sportradar Group (NASDAQ:SRAD) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Sportradar Group (NASDAQ:SRAD) from a sell (d+) rating to a hold (c-) rating in a research note published on Saturday morning,Weiss Ratings reports.

SRAD has been the topic of a number of other reports. JMP Securities boosted their target price on Sportradar Group from $30.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 3rd. Roth Capital assumed coverage on Sportradar Group in a research report on Friday, September 12th. They set a “buy” rating and a $40.00 target price on the stock. Needham & Company LLC boosted their target price on Sportradar Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Zacks Research lowered Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, UBS Group boosted their target price on Sportradar Group from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.88.

Sportradar Group Stock Up 0.3%

SRAD opened at $27.11 on Friday. Sportradar Group has a one year low of $12.26 and a one year high of $32.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s fifty day moving average is $28.80 and its 200-day moving average is $26.94. The company has a market capitalization of $8.12 billion, a PE ratio of 75.31 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company had revenue of $374.25 million for the quarter, compared to the consensus estimate of $315.30 million. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities analysts predict that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SRAD. ORG Partners LLC grew its holdings in shares of Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after buying an additional 962 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock valued at $38,000 after buying an additional 537 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock valued at $44,000 after buying an additional 1,529 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Sportradar Group by 34.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock worth $46,000 after purchasing an additional 551 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Sportradar Group by 10,125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the last quarter.

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.