Sportradar Group AG (NASDAQ:SRAD) Receives $31.56 Average PT from Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given an average recommendation of “Moderate Buy” by the twenty analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $31.5556.

Several brokerages recently issued reports on SRAD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday. UBS Group lowered their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Zacks Research cut Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Roth Capital started coverage on Sportradar Group in a research report on Friday, September 12th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Wells Fargo & Company assumed coverage on Sportradar Group in a report on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 target price on the stock.

Sportradar Group Trading Down 1.7%

SRAD opened at $23.77 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group has a 52 week low of $17.10 and a 52 week high of $32.22. The stock has a market cap of $7.12 billion, a PE ratio of 74.28 and a beta of 2.01. The business has a 50 day moving average of $23.24 and a 200-day moving average of $26.76.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.Sportradar Group’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. Equities research analysts predict that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Several institutional investors have recently bought and sold shares of SRAD. Greenhouse Funds LLLP raised its holdings in Sportradar Group by 1.6% in the second quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after buying an additional 129,276 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Sportradar Group by 39.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock valued at $164,223,000 after acquiring an additional 1,721,495 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Sportradar Group by 14.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock worth $85,421,000 after acquiring an additional 409,545 shares during the last quarter. Invesco Ltd. lifted its position in Sportradar Group by 0.5% in the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock valued at $80,383,000 after acquiring an additional 15,394 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Sportradar Group by 491.6% in the 3rd quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock valued at $46,495,000 after acquiring an additional 1,436,263 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.