Roth Capital Initiates Coverage on Sportradar Group (NASDAQ:SRAD)

Key Points

• Roth Capital has initiated coverage on Sportradar Group (NASDAQ:SRAD) with a "buy" rating and a price target of $40.00, indicating a potential upside of 33.33% from its last close.
• Sportradar's recent quarterly earnings showed an EPS of $0.17, exceeding expectations, with revenues of $374.25 million, up 14.1% year-over-year.
• Multiple analysts have issued positive ratings on Sportradar, with a mix of "buy" and "hold" ratings, leading to an average target price of $31.41 across analyst reports.

Equities researchers at Roth Capital assumed coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a report released on Friday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $40.00 price target on the stock. Roth Capital's price target suggests a potential upside of 37.39% from the company's current price.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group initiated coverage on Sportradar Group in a report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective for the company. Needham & Company LLC lifted their target price on Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. JMP Securities boosted their price objective on Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a report on Wednesday, September 3rd. Jefferies Financial Group boosted their price objective on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Zacks Research raised Sportradar Group from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Sportradar Group has an average rating of "Moderate Buy" and an average target price of $31.41.

Sportradar Group Stock Performance

SRAD traded down $1.13 during trading hours on Friday, hitting $29.12. The stock had a trading volume of 1,700,675 shares, compared to its average volume of 1,663,854. The company's fifty day simple moving average is $29.92 and its 200 day simple moving average is $25.70. Sportradar Group has a 1 year low of $11.72 and a 1 year high of $32.22. The stock has a market cap of $8.72 billion, a PE ratio of 81.07 and a beta of 2.07. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. The business's revenue for the quarter was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC grew its stake in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 962 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after acquiring an additional 537 shares during the period. TD Private Client Wealth LLC boosted its position in Sportradar Group by 3,058.0% in the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock worth $44,000 after purchasing an additional 1,529 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after purchasing an additional 551 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company's stock valued at $46,000 after buying an additional 1,620 shares in the last quarter.

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.