Sportradar Group (NASDAQ:SRAD) Announces Earnings Results, Beats Estimates By $0.02 EPS

Sportradar Group (NASDAQ:SRAD - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02, Zacks reports. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The business had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. The business's quarterly revenue was up 17.0% on a year-over-year basis. Sportradar Group updated its FY 2025 guidance to EPS.

Sportradar Group Trading Up 1.7%

Shares of NASDAQ SRAD traded up $0.40 on Friday, reaching $23.98. 2,392,028 shares of the company traded hands, compared to its average volume of 907,500. The company has a 50 day moving average of $22.44 and a 200 day moving average of $19.95. The stock has a market capitalization of $26.68 billion, a PE ratio of 119.91, a P/E/G ratio of 1.53 and a beta of 2.08. Sportradar Group has a fifty-two week low of $9.94 and a fifty-two week high of $25.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Sportradar Group

A hedge fund recently bought a new stake in Sportradar Group stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 26,521 shares of the company's stock, valued at approximately $573,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Benchmark increased their target price on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. UBS Group increased their price objective on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Guggenheim reissued a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. Morgan Stanley increased their price objective on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 16th. Finally, JMP Securities reissued a "market outperform" rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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.