Sportradar Group (NASDAQ:SRAD) Announces Earnings Results

Sportradar Group (NASDAQ:SRAD - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02, Zacks reports. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sportradar Group updated its FY 2025 guidance to EPS.

Sportradar Group Trading Up 1.7%

Shares of SRAD opened at $22.93 on Monday. Sportradar Group has a fifty-two week low of $9.26 and a fifty-two week high of $25.85. The company has a market capitalization of $25.52 billion, a PE ratio of 114.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. The stock has a fifty day moving average of $22.13 and a two-hundred day moving average of $19.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Wall Street Analysts Forecast Growth

SRAD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Monday. Benchmark lifted their price objective on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Finally, Jefferies Financial Group lifted their price target on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.