Sportradar Group (NASDAQ:SRAD) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research report sent to investors on Tuesday, MarketBeat reports. The firm issued an overweight rating and a $30.00 price objective on the stock.

Other research analysts have also issued reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. UBS Group upped their target price on Sportradar Group from $29.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Roth Capital started coverage on Sportradar Group in a report on Friday, September 12th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus price target of $31.78.

Sportradar Group Trading Up 1.3%

Shares of Sportradar Group stock opened at $22.10 on Tuesday. Sportradar Group has a 12-month low of $16.27 and a 12-month high of $32.22. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 61.39 and a beta of 2.01. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $26.52 and its 200-day moving average price is $27.05.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. Sportradar Group’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC grew its position in 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 acquiring an additional 962 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock valued at $38,000 after purchasing an additional 537 shares during the last quarter. TD Private Client Wealth LLC raised its position in Sportradar Group by 3,058.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after purchasing an additional 1,529 shares during the period. Tower Research Capital LLC TRC raised 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 period. Finally, Atlas Capital Advisors Inc. bought a new stake in Sportradar Group in the first quarter worth $52,000.

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.