Sportradar Group AG (NASDAQ:SRAD) Receives $31.88 Average PT from Analysts

Key Points

• Sportradar Group AG has received a consensus rating of "Moderate Buy" from 19 analysts, with a mix of buy, hold, and strong buy recommendations.
• The average 12-month price target for Sportradar's stock is $31.88, with some firms rating it as high as $40.00.
• In its latest quarterly earnings, Sportradar reported $0.17 EPS, significantly surpassing analysts' expectations, with revenue reaching $374.25 million, up 14.1% year-over-year.

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $31.8824.

SRAD has been the topic of a number of research analyst reports. JMP Securities increased their price target on Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 3rd. Arete Research upgraded Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. Zacks Research upgraded Sportradar Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. Arete assumed coverage on Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price objective on the stock. Finally, UBS Group increased their price objective on Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th.

Sportradar Group Stock Performance

SRAD traded up $0.92 during trading hours on Friday, reaching $30.65. The company's stock had a trading volume of 1,395,629 shares, compared to its average volume of 1,672,903. Sportradar Group has a 52 week low of $11.72 and a 52 week high of $32.22. The company's 50-day moving average is $29.96 and its 200-day moving average is $25.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $9.18 billion, a PE ratio of 85.24 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The business had revenue of $374.25 million for the quarter, compared to analysts' expectations of $315.30 million. The company'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. On average, equities analysts forecast that Sportradar Group will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC grew its holdings in shares of Sportradar Group by 2.1% during the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company's stock worth $526,000 after purchasing an additional 394 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after buying an additional 537 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after buying an additional 551 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company's stock valued at $99,000 after buying an additional 801 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company's stock valued at $28,000 after buying an additional 962 shares in the last quarter.

Sportradar Group Company Profile

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.