Stock analysts at Arete began coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set a "neutral" rating and a $31.00 price target on the stock. Arete's price objective suggests a potential upside of 8.51% from the stock's previous close.
Other research analysts also recently issued reports about the stock. Citigroup increased their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Monday, May 12th. Canaccord Genuity Group increased their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Macquarie started coverage on shares of Sportradar Group in a research report on Friday, June 20th. They issued an "outperform" rating and a $32.00 target price on the stock. Finally, Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price on the stock in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $28.33.
Read Our Latest Research Report on SRAD
Sportradar Group Stock Down 2.1%
Shares of SRAD traded down $0.60 during midday trading on Wednesday, reaching $28.57. The stock had a trading volume of 1,175,191 shares, compared to its average volume of 1,138,317. Sportradar Group has a 1-year low of $10.06 and a 1-year high of $29.73. The company's fifty day simple moving average is $25.16 and its two-hundred day simple moving average is $22.53. The company has a market cap of $31.79 billion, a price-to-earnings ratio of 150.38 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The firm's revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts expect that Sportradar Group will post 0.15 earnings per share for the current year.
Institutional Trading of Sportradar Group
Several hedge funds and other institutional investors have recently made changes to their positions in SRAD. US Bancorp DE purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $39,000. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $28,000. M&T Bank Corp purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $269,000. Wilson Asset Management International PTY Ltd. boosted its holdings in shares of Sportradar Group by 62.7% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 436,051 shares of the company's stock valued at $7,561,000 after acquiring an additional 168,033 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $1,980,000.
About Sportradar Group
(
Get Free Report)
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.
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