Sportradar Group AG (NASDAQ:SRAD) Given Average Rating of “Moderate Buy” by Brokerages

Sportradar Group AG (NASDAQ:SRAD) has received a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $31.8824.

A number of brokerages have issued reports on SRAD. Arete Research raised Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Zacks Research cut shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Roth Capital started coverage on shares of Sportradar Group in a research report on Friday, September 12th. They set a “buy” rating and a $40.00 price target for the company. Truist Financial increased their price target on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, JMP Securities boosted their price objective on shares of Sportradar Group from $30.00 to $36.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of Sportradar Group by 129.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 68,544 shares of the company’s stock worth $1,482,000 after purchasing an additional 38,686 shares during the period. SBI Securities Co. Ltd. increased its position in Sportradar Group by 34.5% during 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 in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Sportradar Group in the first quarter valued at approximately $260,000. Legato Capital Management LLC acquired a new position in Sportradar Group during the first quarter valued at approximately $876,000. Finally, Navellier & Associates Inc. purchased a new stake in Sportradar Group during the first quarter worth approximately $1,377,000.

Sportradar Group Stock Up 0.5%

Shares of NASDAQ SRAD opened at $22.97 on Monday. The firm has a market cap of $6.88 billion, a P/E ratio of 63.81 and a beta of 2.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. Sportradar Group has a 1 year low of $14.22 and a 1 year high of $32.22. The firm’s 50 day moving average price is $27.69 and its 200 day moving average price is $27.07.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. Sportradar Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current year.

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.