Brokerages Set Sportradar Group AG (NASDAQ:SRAD) PT at $22.67

Shares of Sportradar Group AG (NASDAQ:SRAD) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $22.6667.

SRAD has been the topic of several recent research reports. Guggenheim dropped their price target on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group lowered Sportradar Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $30.00 to $14.00 in a report on Friday, April 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Needham & Company LLC raised their target price on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, UBS Group reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Tuesday, June 9th.

Insiders Place Their Bets

In related news, Director Rajani Ramanathan acquired 8,003 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $12.49 per share, for a total transaction of $99,957.47. Following the purchase, the director owned 38,947 shares in the company, valued at approximately $486,448.03. The trade was a 25.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George Fleet acquired 7,850 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $12.73 per share, for a total transaction of $99,930.50. Following the completion of the acquisition, the director directly owned 160,873 shares in the company, valued at approximately $2,047,913.29. The trade was a 5.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 357,893 shares of company stock worth $4,668,220 in the last three months.

Institutional Investors Weigh In On Sportradar Group

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sportradar Group in the first quarter valued at approximately $573,000. Goldman Sachs Group Inc. lifted its holdings in Sportradar Group by 175.4% during the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after acquiring an additional 388,769 shares during the period. Geode Capital Management LLC lifted its holdings in Sportradar Group by 5.3% during the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after acquiring an additional 9,162 shares during the period. Cetera Investment Advisers purchased a new position in Sportradar Group in the second quarter worth $316,000. Finally, Legal & General Group Plc purchased a new position in Sportradar Group in the second quarter worth $260,000.

Sportradar Group Stock Performance

SRAD opened at $14.91 on Friday. Sportradar Group has a 1-year low of $11.66 and a 1-year high of $32.22. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 62.12 and a beta of 1.60. The company’s fifty day moving average price is $14.52 and its two-hundred day moving average price is $16.56. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The business had revenue of $401.11 million for the quarter, compared to analyst estimates of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, analysts expect that Sportradar Group will post 0.4 EPS for the current fiscal year.

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.