Sportradar Group AG (SRAD) - What Are Analysts Saying About This Stock?

Key Points

• Analysts give Sportradar a “Moderate Buy” consensus: Nine rate the stock a hold, nine recommend buying, and two assign a strong-buy rating. The average 12-month price target is $18.22.
• Recent broker updates were mixed but generally favorable: JPMorgan cut its target to $13 with a neutral rating, while Stifel, Canaccord Genuity, and Needham maintained buy ratings despite lowering their targets.
• SRAD opened at $11.95, near its 52-week low of $11.39 and well below its $27.74 high. The company reported quarterly revenue of $431.19 million, a loss of $0.01 per share, and analysts expect full-year EPS of $0.22.

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty analysts that are covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.22.

Several brokerages have issued reports on SRAD. JPMorgan Chase & Co. dropped their target price on Sportradar Group from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 20th. Stifel Nicolaus reduced their price target on Sportradar Group from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company set a $20.00 price objective on Sportradar Group in a research note on Tuesday, August 4th. Canaccord Genuity Group dropped their price objective on Sportradar Group from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Needham & Company LLC cut their target price on Sportradar Group from $23.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th.

Sportradar Group Price Performance

NASDAQ SRAD opened at $11.95 on Monday. 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's 50 day moving average price is $12.56 and its 200-day moving average price is $13.78. Sportradar Group has a 52-week low of $11.39 and a 52-week high of $27.74. The company has a market cap of $3.58 billion, a PE ratio of 199.20 and a beta of 1.59.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $431.19 million for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. Sell-side analysts forecast that Sportradar Group will post 0.22 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Several hedge funds have recently modified their holdings of the company. 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 worth $362,000 after purchasing an additional 4,359 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Sportradar Group in the second quarter valued at approximately $560,000. Squarepoint Ops LLC boosted its holdings in shares of Sportradar Group by 3.2% in the 2nd quarter. Squarepoint Ops LLC now owns 30,518 shares of the company's stock valued at $457,000 after acquiring an additional 958 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Sportradar Group during the 2nd quarter worth about $1,704,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Sportradar Group in the second quarter worth about $61,000.

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.

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