Sportradar Group (NASDAQ:SRAD) Now Covered by Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research note published on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $28.00 target price on the stock.

Several other equities research analysts also recently weighed in on the stock. Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Wednesday. Wells Fargo & Company decreased their target price on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Finally, Citizens Jmp lowered their target price on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.70.

Sportradar Group Price Performance

SRAD opened at $18.57 on Thursday. The stock’s 50-day moving average price is $21.94 and its 200 day moving average price is $26.10. Sportradar Group has a 12-month low of $18.00 and a 12-month high of $32.22. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 58.03 and a beta of 2.01. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) 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 9.97% and a net margin of 7.84%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, sell-side analysts expect that Sportradar Group will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Sportradar Group

Several hedge funds have recently added to or reduced their stakes in SRAD. ORG Partners LLC lifted its position in shares of Sportradar Group by 2,137.8% during the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 962 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of 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 valued at $44,000 after buying an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after acquiring an additional 801 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Sportradar Group by 33.1% in the second quarter. Huntington National Bank now owns 3,946 shares of the company’s stock valued at $111,000 after acquiring an additional 982 shares in the last quarter.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.