Jefferies Financial Group Downgrades Sportradar Group (NASDAQ:SRAD) to Hold

Sportradar Group (NASDAQ:SRADGet Free Report) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a $14.00 target price on the stock, down from their prior target price of $30.00. Jefferies Financial Group’s target price suggests a potential upside of 5.34% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Truist Financial cut their target price on shares of Sportradar Group from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Needham & Company LLC cut their target price on shares of Sportradar Group from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Wells Fargo & Company cut their target price on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Finally, Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued 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 target price of $28.53.

View Our Latest Analysis on SRAD

Sportradar Group Price Performance

NASDAQ:SRAD opened at $13.29 on Friday. The stock has a market cap of $3.98 billion, a P/E ratio of 40.27 and a beta of 1.98. Sportradar Group has a one year low of $11.69 and a one year high of $32.22. The company has a fifty day moving average price of $17.45 and a 200 day moving average price of $20.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17.

Sportradar Group (NASDAQ:SRADGet Free Report) last released its earnings results on Wednesday, March 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $432.81 million for 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%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Analysts anticipate that Sportradar Group will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in Sportradar Group by 93.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after acquiring an additional 620 shares during the last quarter. Empowered Funds LLC bought a new stake in Sportradar Group during the 4th quarter worth about $31,000. Tower Research Capital LLC TRC grew its holdings 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 during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Sportradar Group during the 4th quarter worth about $45,000. Finally, CWM LLC grew its holdings in Sportradar Group by 316.0% during the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after acquiring an additional 1,880 shares during the last quarter.

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About Sportradar Group

(Get Free Report)

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.

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