Sportradar Group (NASDAQ:SRAD) Price Target Lowered to $26.00 at Truist Financial

Sportradar Group (NASDAQ:SRAD) had its price objective lowered by Truist Financial from $32.00 to $26.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Benchmark restated a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. The Goldman Sachs Group cut their price target on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Morgan Stanley upped their price target on Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Needham & Company LLC cut their price target on Sportradar Group from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus price target of $29.73.

Sportradar Group Price Performance

SRAD stock opened at $16.84 on Tuesday. The company has a market capitalization of $5.04 billion, a P/E ratio of 51.03 and a beta of 1.98. Sportradar Group has a twelve month low of $14.70 and a twelve month high of $32.22. The business has a 50 day simple moving average of $17.66 and a 200-day simple moving average of $20.77. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The firm had revenue of $432.81 million during the quarter, compared to analyst estimates of $369.59 million. Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. Sportradar Group’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sportradar Group will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its position in shares of 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 buying an additional 620 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Sportradar Group in the fourth quarter valued at $31,000. Tower Research Capital LLC TRC increased its position in shares of 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 buying an additional 1,620 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Sportradar Group in the fourth quarter valued at $45,000. Finally, CWM LLC increased its position in shares of 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 buying an additional 1,880 shares in 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.