Sportradar Group AG (NASDAQ:SRAD) Receives $30.16 Average Price Target from Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned an average rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $30.1579.

SRAD has been the topic of several research analyst reports. Needham & Company LLC reduced their price objective on Sportradar Group from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. Wells Fargo & Company dropped their target price on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Stifel Nicolaus assumed coverage on shares of Sportradar Group in a research report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Finally, UBS Group decreased their price target on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, December 9th.

Sportradar Group Stock Down 0.4%

Shares of Sportradar Group stock opened at $18.11 on Friday. The business has a 50-day moving average price of $18.35 and a 200 day moving average price of $22.92. Sportradar Group has a fifty-two week low of $15.73 and a fifty-two week high of $32.22. The firm has a market cap of $5.42 billion, a P/E ratio of 54.88 and a beta of 2.00. The company has a quick ratio of 1.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Tuesday, March 3rd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The firm had revenue of $432.81 million for the quarter, compared to the consensus estimate of $369.59 million. The firm’s revenue was up 20.2% on a year-over-year basis. On average, sell-side analysts forecast that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sportradar Group during the first quarter valued at approximately $573,000. Goldman Sachs Group Inc. lifted its holdings in shares of Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after purchasing an additional 388,769 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Sportradar Group by 52.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 104,596 shares of the company’s stock worth $2,937,000 after purchasing an additional 36,052 shares during the last quarter. Geode Capital Management LLC boosted its position in Sportradar Group by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after purchasing an additional 9,162 shares during the period. Finally, Calamos Advisors LLC acquired a new position in Sportradar Group during the 2nd quarter valued at approximately $1,246,000.

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.