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

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

SRAD has been the subject of several research analyst reports. Canaccord Genuity Group raised their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Monday, May 12th. Jefferies Financial Group boosted their target price on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a report on Tuesday, April 22nd. Finally, Guggenheim reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D bought a new position in shares of Sportradar Group in the 4th quarter worth $406,000. New York State Common Retirement Fund bought a new position in shares of Sportradar Group during the 4th quarter worth approximately $12,887,000. Lingotto Investment Management LLP purchased a new stake in Sportradar Group during the fourth quarter valued at approximately $2,630,000. US Bancorp DE purchased a new stake in Sportradar Group during the fourth quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the fourth quarter valued at approximately $28,000.

Sportradar Group Stock Performance

Shares of SRAD stock traded down $1.00 during trading hours on Friday, reaching $24.33. The company had a trading volume of 1,082,774 shares, compared to its average volume of 1,001,395. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a one year low of $10.06 and a one year high of $25.85. The firm has a market cap of $27.07 billion, a PE ratio of 121.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.04. The business has a fifty day moving average price of $23.39 and a 200-day moving average price of $21.06.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted 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 company had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The business's revenue for the quarter was up 17.0% on a year-over-year basis. Sell-side analysts predict that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

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.