Sportradar Group AG (NASDAQ:SRAD) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Sportradar a “Moderate Buy” consensus: Of 20 covering brokerages, nine rate the stock a buy, two a strong buy, eight a hold and one a sell. The average 12-month price target is $20.31.
• Several firms recently lowered their price targets, including Citizens JMP to $20, Needham to $17 and Truist Financial to $16, while Zacks Research downgraded the stock to “strong sell.”
• Sportradar reported quarterly revenue of $431.19 million and a loss of $0.01 per share; the stock opened at $13.27, well below its 52-week high of $32.22.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.3125.

SRAD has been the subject of several recent research reports. Citizens Jmp cut their price target on Sportradar Group from $24.00 to $20.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 4th. Needham & Company LLC dropped their price objective on Sportradar Group from $23.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Truist Financial cut their target price on Sportradar Group from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Zacks Research lowered Sportradar Group from a "hold" rating to a "strong sell" rating in a report on Friday, July 17th. Finally, Weiss Ratings upgraded Sportradar Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd.

Institutional Investors Weigh In On Sportradar Group

A number of large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Sportradar Group by 93.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company's stock valued at $31,000 after buying an additional 620 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Sportradar Group during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Sportradar Group during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC increased its stake in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company's stock valued at $46,000 after acquiring an additional 1,620 shares during the last quarter. Finally, CWM LLC increased its stake in Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company's stock valued at $59,000 after acquiring an additional 1,880 shares during the last quarter.

Sportradar Group Price Performance

NASDAQ:SRAD opened at $13.27 on Wednesday. Sportradar Group has a 52 week low of $11.55 and a 52 week high of $32.22. 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 simple moving average is $14.78 and its 200 day simple moving average is $15.77. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 221.20 and a beta of 1.61.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%.The business had revenue of $431.19 million for the quarter. As a group, sell-side analysts predict that Sportradar Group will post 0.27 earnings per share for the current year.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.

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