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

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.33.

Several equities analysts have issued reports on the stock. Arete assumed coverage on shares of Sportradar Group in a research note on Wednesday. They set a "neutral" rating and a $31.00 target price on the stock. Jefferies Financial Group increased their price objective on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. increased their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Arete Research upgraded shares of Sportradar Group to a "hold" rating in a research note on Wednesday. Finally, Morgan Stanley increased their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors have recently added to or reduced their stakes in SRAD. National Bank of Canada FI lifted its position in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Sportradar Group during the fourth quarter valued at approximately $28,000. Pacer Advisors Inc. boosted its stake in Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after buying an additional 537 shares during the last quarter. US Bancorp DE acquired a new position in shares of Sportradar Group in the 4th quarter valued at $39,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Sportradar Group during the fourth quarter worth about $43,000.

Sportradar Group Trading Down 2.1%

Shares of NASDAQ SRAD traded down $0.60 during mid-day trading on Tuesday, hitting $28.57. The stock had a trading volume of 1,175,191 shares, compared to its average volume of 1,131,992. 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 $29.73. The business has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $22.41. The firm has a market cap of $31.79 billion, a P/E ratio of 150.38 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 for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The firm had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group's quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities analysts anticipate that Sportradar Group will post 0.15 EPS for the current fiscal year.

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.