Sportradar Group AG (NASDAQ:SRAD) Receives Average Rating of “Moderate Buy” from Analysts

Sportradar Group AG (NASDAQ:SRAD) has been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $31.7778.

SRAD has been the subject of several research reports. Zacks Research downgraded Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Wells Fargo & Company began coverage on shares of Sportradar Group in a research note on Tuesday, November 18th. They set an “overweight” rating and a $30.00 target price on the stock. Finally, JMP Securities increased their target price on shares of Sportradar Group from $30.00 to $36.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 3rd.

Sportradar Group Stock Down 0.2%

NASDAQ:SRAD opened at $22.81 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $24.59 and its two-hundred day moving average is $26.88. Sportradar Group has a 52 week low of $16.27 and a 52 week high of $32.22. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 71.28 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data 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 firm had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. Research analysts anticipate that Sportradar Group will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SRAD. Captrust Financial Advisors increased its holdings in Sportradar Group by 137.4% during the 3rd quarter. Captrust Financial Advisors now owns 559,234 shares of the company’s stock worth $15,043,000 after purchasing an additional 323,655 shares during the period. Williamson Legacy Group LLC boosted its stake in shares of Sportradar Group by 11.2% in the 3rd quarter. Williamson Legacy Group LLC now owns 51,513 shares of the company’s stock valued at $1,386,000 after buying an additional 5,200 shares during the period. XTX Topco Ltd acquired a new position in shares of Sportradar Group during the third quarter worth about $1,380,000. Virtus Advisers LLC purchased a new stake in shares of Sportradar Group during the third quarter worth approximately $194,000. Finally, Voleon Capital Management LP purchased a new stake in shares of Sportradar Group during the third quarter worth approximately $5,034,000.

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.