Sportradar Group (NASDAQ:SRAD) Price Target Cut to $25.00 by Analysts at Stifel Nicolaus

Sportradar Group (NASDAQ:SRAD) had its price target reduced by Stifel Nicolaus from $28.00 to $25.00 in a research report report published on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also recently commented on SRAD. Guggenheim restated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. Wells Fargo & Company decreased their price target on Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Citizens Jmp decreased their price target on Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating on the stock in a research report on Wednesday, March 4th. Morgan Stanley raised their price target on Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Sportradar Group Stock Down 8.4%

SRAD opened at $15.24 on Thursday. Sportradar Group has a fifty-two week low of $15.05 and a fifty-two week high of $32.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $4.56 billion, a P/E ratio of 46.18 and a beta of 1.98. The stock has a fifty day moving average of $17.78 and a 200-day moving average of $21.51.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, March 4th. The company reported $0.01 earnings per share 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 analyst estimates of $369.59 million. Sportradar Group’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities analysts expect that Sportradar Group will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its position in Sportradar Group by 93.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after acquiring an additional 620 shares during the last quarter. Empowered Funds LLC bought a new position in Sportradar Group in the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in Sportradar Group in the fourth quarter valued at about $45,000. Tower Research Capital LLC TRC grew its position in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after acquiring an additional 1,620 shares during the last quarter. Finally, CWM LLC grew its position in Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after acquiring an additional 1,880 shares during the last quarter.

Sportradar Group Company Profile

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.