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

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $28.14.

SRAD has been the topic of several research reports. Macquarie initiated coverage on shares of Sportradar Group in a report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Monday, May 12th. Jefferies Financial Group raised their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. UBS Group raised their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd.

Sportradar Group Price Performance

SRAD opened at $28.34 on Tuesday. The company's 50 day simple moving average is $24.70 and its 200 day simple moving average is $22.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. Sportradar Group has a 1 year low of $10.06 and a 1 year high of $28.50. The stock has a market capitalization of $31.54 billion, a PE ratio of 149.17 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business had revenue of $336.71 million for the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts expect that Sportradar Group will post 0.15 EPS for the current year.

Institutional Trading of Sportradar Group

Several institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its holdings 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 acquiring an additional 537 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings 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 acquiring an additional 551 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock valued at $755,000 after acquiring an additional 691 shares in the last quarter. LPL Financial LLC raised its holdings in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after acquiring an additional 1,287 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after acquiring an additional 1,414 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.

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