Sportradar Group AG (NASDAQ:SRAD) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Sportradar Group AG has received a consensus rating of "Moderate Buy" from analysts, with the average 12-month price target set at $31.88.
• Recent reports indicate that Sportradar Group's stock saw a 4.1% increase recently and the company has a market capitalization of $8.24 billion.
• The company reported quarterly earnings of $0.17 per share, significantly surpassing analyst expectations and showing a 14.1% revenue increase year-over-year.

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $31.8824.

A number of analysts recently issued reports on the company. Roth Capital started coverage on Sportradar Group in a research report on Friday, September 12th. They set a "buy" rating and a $40.00 price objective for the company. Needham & Company LLC increased their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Truist Financial lifted their price target on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Jefferies Financial Group upped their price objective on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of Sportradar Group in a research report on Monday, July 21st. They set a "neutral" rating and a $31.00 price objective for the company.

Sportradar Group Stock Up 4.1%

Shares of NASDAQ SRAD opened at $27.51 on Thursday. The company has a market capitalization of $8.24 billion, a P/E ratio of 76.42 and a beta of 2.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. The company has a 50 day simple moving average of $29.24 and a 200-day simple moving average of $26.56. Sportradar Group has a 1 year low of $12.20 and a 1 year high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued 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. Sportradar Group's revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.