Sportradar Group AG (NASDAQ:SRAD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Sportradar Group has a “Moderate Buy” consensus rating from 21 analysts, including 10 buys and two strong buys. The average 12-month price target is $20.41, well above the reported $12.90 share price.
• Analysts have recently trimmed their outlooks: BTIG downgraded the stock to neutral, while Citizens JMP, Canaccord Genuity and Stifel lowered their price targets, generally to between $20 and $24.
• Sportradar reported quarterly revenue of $431.19 million and an adjusted loss of $0.01 per share; analysts expect full-year EPS of approximately $0.25. The stock has traded between $11.55 and $31.65 over the past year and was recently below its 50-day and 200-day moving averages.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-one research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.4118.

A number of research analysts have recently issued reports on SRAD shares. BTIG Research downgraded Sportradar Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 4th. Citizens Jmp decreased their target price on Sportradar Group from $24.00 to $20.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 4th. Canaccord Genuity Group lowered their target price on Sportradar Group from $28.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Stifel Nicolaus dropped their price target on Sportradar Group from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company set a $20.00 price target on Sportradar Group in a report on Tuesday, August 4th.

Sportradar Group Trading Down 1.6%

SRAD opened at $12.90 on Friday. Sportradar Group has a twelve month low of $11.55 and a twelve month high of $31.65. 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 company has a fifty day moving average of $13.98 and a 200-day moving average of $15.19. The stock has a market cap of $3.86 billion, a PE ratio of 215.04 and a beta of 1.58.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $431.19 million during the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. On average, sell-side analysts predict that Sportradar Group will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Sportradar Group

Large investors have recently bought and sold shares of the stock. Cresset Asset Management LLC raised its holdings in shares of Sportradar Group by 2.1% during the second quarter. Cresset Asset Management LLC now owns 18,746 shares of the company's stock valued at $526,000 after purchasing an additional 394 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Sportradar Group by 93.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company's stock valued at $31,000 after buying an additional 620 shares in the last quarter. Parallel Advisors LLC increased its position in Sportradar Group by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 16,388 shares of the company's stock valued at $274,000 after buying an additional 937 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Sportradar Group by 3.8% during the 1st quarter. Glenmede Trust Co. NA now owns 26,470 shares of the company's stock worth $443,000 after buying an additional 970 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its holdings in Sportradar Group by 7.7% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,745 shares of the company's stock worth $356,000 after acquiring an additional 1,055 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.

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