Analysts Set Sportradar Group AG (NASDAQ:SRAD) PT at $29.25

Key Points

• Sportradar Group AG has received a consensus recommendation of "Moderate Buy" from analysts, with 13 out of 17 recommending a buy and the average 1-year price target set at $29.25.
• The company reported a net revenue of $336.71 million for the recent quarter, exceeding expectations, along with an earnings per share (EPS) of $0.07, beating estimates by $0.02.
• Several institutional investors have made significant stakes in Sportradar, including Unisphere Establishment and Driehaus Capital Management, further signaling confidence in the company's potential.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.25.

Several analysts have commented on the company. UBS Group lifted their price target on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Truist Financial boosted their target price on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Macquarie initiated coverage on shares of Sportradar Group in a research note on Friday, June 20th. They set an "outperform" rating and a $32.00 price objective for the company. Arete initiated coverage on Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price target for the company. Finally, Morgan Stanley boosted their price target on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 16th.

Sportradar Group Trading Down 0.1%

SRAD stock traded down $0.04 during midday trading on Friday, hitting $29.53. The stock had a trading volume of 1,461,753 shares, compared to its average volume of 1,720,382. The firm has a market cap of $32.86 billion, a PE ratio of 155.63 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. Sportradar Group has a 12-month low of $10.06 and a 12-month high of $30.63. The company's 50-day moving average price is $26.88 and its 200 day moving average price is $23.70.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The business had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The company's quarterly revenue was up 17.0% on a year-over-year basis. On average, equities research analysts predict that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI grew its holdings in Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares in the last quarter. ORG Partners LLC boosted its position in Sportradar Group by 2,137.8% in the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company's stock valued at $28,000 after buying an additional 962 shares during the last quarter. Pacer Advisors Inc. boosted its position in Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after buying an additional 537 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Sportradar Group by 3,058.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock valued at $44,000 after buying an additional 1,529 shares during the last quarter. Finally, Huntington National Bank boosted its position in Sportradar Group by 143.3% in the 4th quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after buying an additional 1,539 shares during 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.