Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nineteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $24.9412.
A number of brokerages have recently issued reports on SRAD. Guggenheim lowered their price target on Sportradar Group from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sportradar Group in a report on Friday, March 27th. Jefferies Financial Group downgraded Sportradar Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $30.00 to $14.00 in a report on Friday, April 24th. The Goldman Sachs Group lowered their price target on Sportradar Group from $35.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, March 4th. Finally, Morgan Stanley upped their price target on Sportradar Group from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, April 8th.
Get Our Latest Research Report on SRAD
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sportradar Group in the first quarter valued at about $573,000. Goldman Sachs Group Inc. lifted its holdings in Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company's stock valued at $13,197,000 after acquiring an additional 388,769 shares during the period. Geode Capital Management LLC lifted its holdings in Sportradar Group by 5.3% in the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company's stock valued at $5,114,000 after acquiring an additional 9,162 shares during the period. Cetera Investment Advisers bought a new position in Sportradar Group in the second quarter valued at about $316,000. Finally, Legal & General Group Plc bought a new position in Sportradar Group in the second quarter valued at about $260,000.
Key Sportradar Group News
Here are the key news stories impacting Sportradar Group this week:
Sportradar Group Stock Performance
Shares of NASDAQ:SRAD opened at $13.26 on Monday. The company has a market cap of $3.97 billion, a P/E ratio of 55.25 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. Sportradar Group has a 1 year low of $11.66 and a 1 year high of $32.22. The stock's fifty day moving average price is $17.13 and its 200-day moving average price is $20.16.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.08). The business had revenue of $401.11 million for the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. Sell-side analysts expect that Sportradar Group will post 0.44 earnings per share for the current year.
Sportradar Group Company Profile
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Get Free Report)
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.
Further Reading

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