Sportradar Group (NASDAQ:SRAD - Get Free Report) had its price target dropped by Guggenheim from $26.00 to $23.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Guggenheim's price objective would indicate a potential upside of 56.84% from the company's current price.
A number of other equities analysts also recently issued reports on SRAD. Wolfe Research assumed coverage on shares of Sportradar Group in a report on Wednesday, September 2nd. They set an "outperform" rating and a $22.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of Sportradar Group from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Tuesday, October 20th. UBS Group lowered shares of Sportradar Group from a "buy" rating to a "neutral" rating and dropped their price target for the company from $30.00 to $16.00 in a research report on Wednesday, August 5th. Stifel Nicolaus dropped their price target on shares of Sportradar Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, October 26th. Finally, Benchmark restated a "buy" rating on shares of Sportradar Group in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.97.
Read Our Latest Stock Analysis on Sportradar Group
Sportradar Group Stock Up 3.3%
SRAD stock traded up $0.47 during mid-day trading on Wednesday, reaching $14.66. 353,234 shares of the company traded hands, compared to its average volume of 2,796,980. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The firm's 50 day moving average price is $12.51 and its 200 day moving average price is $14.91. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 246.16 and a beta of 1.66. Sportradar Group has a fifty-two week low of $11.39 and a fifty-two week high of $25.57.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. The company had revenue of $410.62 million during the quarter, compared to analysts' expectations of $405.74 million. During the same period last year, the company earned $0.07 earnings per share. The business's revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, equities research analysts predict that Sportradar Group will post 0.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Sportradar Group
A number of hedge funds have recently made changes to their positions in the business. Spruce House Investment Management LLC purchased a new position in Sportradar Group in the first quarter valued at about $46,035,000. The Manufacturers Life Insurance Company grew its position in shares of Sportradar Group by 963.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company's stock valued at $41,238,000 after acquiring an additional 2,231,810 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Sportradar Group during the 2nd quarter worth approximately $32,811,000. Principal Financial Group Inc. increased its stake in shares of Sportradar Group by 34.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company's stock worth $30,571,000 after purchasing an additional 471,309 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its holdings in shares of Sportradar Group by 38.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 1,582,182 shares of the company's stock worth $26,486,000 after purchasing an additional 441,765 shares during the period.
Trending Headlines about Sportradar Group
Here are the key news stories impacting Sportradar Group this week:
- Positive Sentiment: Third-quarter revenue rose 24% to €363 million, while profit increased 20% and adjusted EBITDA grew 21%. Operating cash flow rose 37%, and free cash flow increased 12%. Revenue topped estimates; EPS was $0.10, above Zacks’ $0.09 consensus but below another reported consensus of $0.11. Sportradar Q3 financial results
- Positive Sentiment: Sportradar repurchased $157 million of shares during the quarter and agreed to sell Atrium Sports for $170 million, while announcing new and expanded partnerships with prediction-market firms. These moves may support capital returns and strategic focus. Q3 growth and Atrium Sports divestiture
- Positive Sentiment: Shares rose following the results, reflecting investor reaction to the strong revenue growth. Shares rise after Q3 results
- Neutral Sentiment: Unusually heavy options activity saw traders buy 43,617 call contracts, about 24 times typical volume. This suggests heightened bullish positioning but does not establish the direction of future trading.
- Negative Sentiment: Citizens JMP lowered its price target from $20 to $19, while keeping a “market outperform” rating. The revised target still implies potential upside from the cited $14.20 share price. Citizens JMP recommendations
- Negative Sentiment: A separate analysis argued that SRAD looks expensive relative to its sales base, highlighting valuation risk despite the quarter’s growth. Sportradar stock valuation analysis
About Sportradar Group
(
Get Free Report)
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.
Further Reading
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