Sportradar Group (NASDAQ:SRAD) Earns Neutral Rating from Analysts at Arete

Research analysts at Arete assumed coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a "neutral" rating and a $31.00 price target on the stock. Arete's target price indicates a potential upside of 6.27% from the company's previous close.

Several other research firms have also weighed in on SRAD. Citigroup lifted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Benchmark boosted their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Macquarie began coverage on shares of Sportradar Group in a report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price objective on the stock. UBS Group boosted their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Finally, Truist Financial began coverage on shares of Sportradar Group in a report on Tuesday, July 1st. They issued a "buy" rating and a $33.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

Sportradar Group Stock Down 0.8%

Shares of NASDAQ:SRAD traded down $0.24 during midday trading on Wednesday, hitting $29.17. 1,192,297 shares of the company's stock traded hands, compared to its average volume of 1,131,818. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $32.46 billion, a PE ratio of 153.53 and a beta of 2.07. The firm's fifty day moving average price is $25.06 and its two-hundred day moving average price is $22.41. Sportradar Group has a twelve month low of $10.06 and a twelve month high of $29.69.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business's revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts anticipate that Sportradar Group will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently modified their holdings of SRAD. US Bancorp DE bought a new stake in shares of Sportradar Group in the 4th quarter worth about $39,000. SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group during the 4th quarter valued at about $28,000. M&T Bank Corp bought a new stake in shares of Sportradar Group during the 4th quarter valued at about $269,000. Wilson Asset Management International PTY Ltd. grew its position in shares of Sportradar Group by 62.7% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 436,051 shares of the company's stock valued at $7,561,000 after buying an additional 168,033 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Sportradar Group during the 4th quarter valued at about $1,980,000.

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.