Sportradar Group (NASDAQ:SRAD) Research Coverage Started at Wolfe Research

Wolfe Research assumed coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research note released on Wednesday, Marketbeat.com reports. The firm issued an outperform rating and a $22.00 price objective on the stock.

A number of other equities research analysts have also issued reports on SRAD. Canaccord Genuity Group cut their price target on shares of Sportradar Group from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Citigroup reaffirmed a “market outperform” rating on shares of Sportradar Group in a research note on Tuesday, August 4th. UBS Group cut Sportradar Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $16.00 in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price target on Sportradar Group from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Sportradar Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average price target of $20.41.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $12.90 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. Sportradar Group has a fifty-two week low of $11.55 and a fifty-two week high of $31.65. The stock has a 50 day moving average price of $13.98 and a two-hundred day moving average price of $15.19. The company has a market capitalization of $3.86 billion, a P/E ratio of 215.04 and a beta of 1.58.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The company had revenue of $431.19 million for the quarter. Analysts expect that Sportradar Group will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Sportradar Group in the 2nd quarter worth approximately $1,704,000. Allied Private Wealth LLC bought a new stake in shares of Sportradar Group during the second quarter valued at approximately $61,000. Assenagon Asset Management S.A. purchased a new stake in Sportradar Group in the second quarter worth $32,811,000. Byrne Asset Management LLC purchased a new stake in Sportradar Group in the second quarter worth $176,000. Finally, Parallel Advisors LLC raised its holdings in Sportradar Group by 6.1% in the first quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock worth $274,000 after purchasing an additional 937 shares in the last quarter.

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.