Sportradar Group AG (NASDAQ:SRAD) Receives $13.89 Consensus Price Target from Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.67.

SRAD has been the topic of several research reports. Citigroup lifted their target price on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Morgan Stanley lifted their target price on Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Sportradar Group in a report on Wednesday, March 20th. Jefferies Financial Group reduced their target price on Sportradar Group from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently added to or reduced their stakes in SRAD. Goldman Sachs Group Inc. bought a new stake in Sportradar Group during the first quarter worth approximately $32,918,000. Durable Capital Partners LP boosted its position in shares of Sportradar Group by 46.0% during the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock valued at $54,967,000 after buying an additional 1,040,085 shares during the period. 12 West Capital Management LP boosted its position in shares of Sportradar Group by 33.4% during the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock valued at $36,419,000 after buying an additional 909,933 shares during the period. Federated Hermes Inc. boosted its position in shares of Sportradar Group by 42.5% during the first quarter. Federated Hermes Inc. now owns 2,785,700 shares of the company’s stock valued at $46,354,000 after buying an additional 830,887 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Sportradar Group by 343.7% during the second quarter. Millennium Management LLC now owns 438,084 shares of the company’s stock valued at $3,461,000 after buying an additional 339,360 shares during the period.

Sportradar Group Price Performance

NASDAQ:SRAD opened at $9.70 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $10.53 and its two-hundred day simple moving average is $10.28. The stock has a market cap of $10.78 billion, a PE ratio of 80.79 and a beta of 1.97. Sportradar Group has a 52 week low of $8.08 and a 52 week high of $15.56.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $271.98 million for the quarter, compared to analysts’ expectations of $267.36 million. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. As a group, analysts forecast that Sportradar Group will post 0.3 EPS for the current fiscal year.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.