Sportradar Group (NASDAQ:SRAD) Raised to Hold at Arete Research

Arete Research upgraded shares of Sportradar Group (NASDAQ:SRAD - Free Report) to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

SRAD has been the topic of several other research reports. Canaccord Genuity Group boosted their price target on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Bank of America raised Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price on the stock in a research note on Tuesday, April 22nd. UBS Group upped their target price on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Arete started coverage on Sportradar Group in a research note on Wednesday. They issued a "neutral" rating and a $31.00 target price on the stock. Finally, BTIG Research started coverage on Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD traded down $0.60 during trading on Wednesday, hitting $28.57. 1,175,191 shares of the stock were exchanged, compared to its average volume of 1,138,317. The company has a fifty day moving average price of $25.16 and a two-hundred day moving average price of $22.56. The company has a market cap of $31.79 billion, a PE ratio of 150.38 and a beta of 2.07. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04. Sportradar Group has a 12-month low of $10.06 and a 12-month high of $29.73.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. On average, analysts forecast that Sportradar Group will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. US Bancorp DE acquired a new stake in shares of Sportradar Group during the 4th quarter worth $39,000. SBI Securities Co. Ltd. acquired a new stake in shares of Sportradar Group during the 4th quarter worth $28,000. M&T Bank Corp acquired a new stake in shares of Sportradar Group during the 4th quarter worth $269,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Sportradar Group during the 4th quarter worth $1,980,000. Finally, Sciencast Management LP acquired a new stake in shares of Sportradar Group during the 4th quarter worth $212,000.

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.