Sportradar Group (NASDAQ:SRAD) Given New $20.00 Price Target at Stifel Nicolaus

Sportradar Group (NASDAQ:SRAD) had its target price lowered by Stifel Nicolaus from $21.00 to $20.00 in a report released on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

SRAD has been the topic of several other reports. Wells Fargo & Company decreased their price target on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on Sportradar Group from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. BTIG Research dropped their price objective on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Guggenheim cut their price target on Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Sportradar Group Stock Down 2.8%

Shares of SRAD stock opened at $14.28 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. 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 $4.28 billion, a price-to-earnings ratio of 59.50 and a beta of 1.60. The stock’s fifty day moving average price is $14.60 and its 200 day moving average price is $16.43.

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

Insider Buying and Selling at Sportradar Group

In other news, Director William Kurtz bought 8,000 shares of Sportradar Group stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $12.97 per share, for a total transaction of $103,760.00. Following the completion of the acquisition, the director owned 30,179 shares of the company’s stock, valued at $391,421.63. The trade was a 36.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc Walder bought 66,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $12.77 per share, with a total value of $842,820.00. Following the acquisition, the director directly owned 342,563 shares in the company, valued at approximately $4,374,529.51. This trade represents a 23.86% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 357,893 shares of company stock valued at $4,668,220. 85.02% of the stock is owned by corporate insiders.

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 stake in Sportradar Group by 93.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after buying an additional 620 shares during the period. Empowered Funds LLC purchased a new position in shares of Sportradar Group in the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Sportradar Group during the 4th quarter valued at $45,000. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 1,620 shares during the period. Finally, CWM LLC boosted its position 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 purchasing an additional 1,880 shares during the period.

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.