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Sportradar Group AG (NASDAQ:SRAD) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Sportradar Group logo with Consumer Discretionary background
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Key Points

  • Moderate Buy consensus from 19 analysts (1 sell, 3 hold, 14 buy, 1 strong buy) with an average 12‑month price target of about $30.18, versus the current share price near $16.63.
  • Sportradar reported quarterly EPS of $0.01, missing estimates of $0.10, while revenue beat at $432.8M (vs. $369.6M expected), up 20.2% year‑over‑year.
  • The company has a market cap of $4.98B and a P/E of 50.4 with low leverage (debt/equity 0.05), but several brokers recently trimmed targets (e.g., BTIG and Goldman Sachs cut to $24), reflecting mixed analyst sentiment.
  • Five stocks to consider instead of Sportradar Group.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nineteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $30.1765.

A number of analysts have recently commented on the company. BTIG Research lowered their target price on Sportradar Group from $32.00 to $24.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. Truist Financial set a $32.00 target price on Sportradar Group in a research note on Tuesday, March 3rd. Weiss Ratings restated a "sell (d+)" rating on shares of Sportradar Group in a research note on Friday, March 27th. The Goldman Sachs Group lowered their target price on Sportradar Group from $35.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 4th. Finally, Citizens Jmp lowered their target price on Sportradar Group from $34.00 to $31.00 and set a "market outperform" rating on the stock in a research note on Wednesday, March 4th.

Check Out Our Latest Analysis on Sportradar Group

Sportradar Group Stock Up 0.4%

Shares of SRAD opened at $16.63 on Thursday. Sportradar Group has a 52 week low of $15.73 and a 52 week high of $32.22. The company has a quick ratio of 1.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 50.40 and a beta of 1.98. The stock's 50-day moving average price is $17.84 and its 200-day moving average price is $21.55.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The company had revenue of $432.81 million during the quarter, compared to analysts' expectations of $369.59 million. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. On average, sell-side analysts predict that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in 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 worth $31,000 after purchasing an additional 620 shares during the period. Empowered Funds LLC acquired a new position in Sportradar Group in the 4th quarter worth about $31,000. Tower Research Capital LLC TRC raised its holdings in Sportradar Group by 10,125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company's stock worth $46,000 after purchasing an additional 1,620 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Sportradar Group in the 4th quarter worth about $45,000. Finally, CWM LLC raised its holdings in Sportradar Group by 316.0% in the 4th quarter. CWM LLC now owns 2,475 shares of the company's stock worth $59,000 after purchasing an additional 1,880 shares during the period.

About Sportradar Group

(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.

See Also

Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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