Sportradar Group (NASDAQ:SRAD) Shares Up 8.5% – Still a Buy?

Sportradar Group AG (NASDAQ:SRAD) shot up 8.5% on Monday. The stock traded as high as $13.19 and last traded at $13.0570. Approximately 3,921,710 shares changed hands during trading, an increase of 41% from the average session volume of 2,775,429 shares. The stock had previously closed at $12.03.

Key Headlines Impacting Sportradar Group

Here are the key news stories impacting Sportradar Group this week:

• Positive Sentiment: Third-quarter revenue rose 24% to €363 million, profit increased 20% to €27 million, and adjusted EBITDA climbed 21% to €102 million. Operating cash flow and free cash flow also grew. Sportradar reported EPS of $0.10: above the Zacks estimate of $0.09, but below the broader consensus of $0.11. Third-quarter results
• Positive Sentiment: Truist raised its price target from $16 to $17 and reiterated its buy rating, signaling confidence in potential upside. Truist analyst ratings
• Neutral Sentiment: Sportradar announced plans to sell Atrium Sports for $170 million and repurchased $157 million of its shares during the quarter. The sale provides cash, while buybacks return capital to shareholders. Q3 growth and Atrium divestiture
• Neutral Sentiment: Citizens lowered its target from $20 to $19 but kept a market-outperform rating; Guggenheim cut its target from $26 to $23 while retaining a buy rating. Both targets remain above the cited share price. Citizens target update
• Negative Sentiment: JPMorgan cut its target from $13 to $12 and assigned a neutral rating, implying downside from the cited price and adding a cautious counterpoint to the more bullish coverage. JPMorgan analyst ratings

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SRAD. Guggenheim lowered their target price on Sportradar Group from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday. Canaccord Genuity Group cut their price target on Sportradar Group from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Wells Fargo & Company set a $20.00 price objective on Sportradar Group in a report on Tuesday, August 4th. Truist Financial boosted their price objective on Sportradar Group from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Zacks Research raised shares of Sportradar Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $17.97.

Sportradar Group Price Performance

The business’s 50 day moving average is $12.51 and its two-hundred day moving average is $14.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.34 billion, a PE ratio of 241.54 and a beta of 1.66.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $410.62 million for the quarter, compared to analysts’ expectations of $405.74 million. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. The company’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. Equities research analysts anticipate that Sportradar Group AG will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Choreo LLC boosted its stake in Sportradar Group by 23.5% in the 3rd quarter. Choreo LLC now owns 23,144 shares of the company’s stock worth $268,000 after purchasing an additional 4,403 shares during the period. Vontobel Holding Ltd. increased its position in shares of Sportradar Group by 16.2% during the third quarter. Vontobel Holding Ltd. now owns 31,311 shares of the company’s stock valued at $362,000 after buying an additional 4,359 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Sportradar Group in the 2nd quarter worth approximately $560,000. Squarepoint Ops LLC raised its position in shares of Sportradar Group by 3.2% in the second quarter. Squarepoint Ops LLC now owns 30,518 shares of the company’s stock worth $457,000 after buying an additional 958 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Sportradar Group in the 2nd quarter valued at about $1,704,000.

About Sportradar Group

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.