Sportradar Group (NASDAQ:SRAD) Now Covered by Analysts at Arete

Research analysts at Arete assumed coverage on shares of Sportradar Group (NASDAQ:SRAD - Get Free Report) in a report released 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 5.41% from the stock's current price.

SRAD has been the subject of a number of other research reports. Truist Financial started coverage on shares of Sportradar Group in a research note on Tuesday, July 1st. They issued a "buy" rating and a $33.00 price objective for the company. Canaccord Genuity Group increased their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Benchmark increased their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Guggenheim restated a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. Finally, Jefferies Financial Group increased their target price on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Two research 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, Sportradar Group currently has an average rating of "Moderate Buy" and an average price target of $28.33.

Sportradar Group Stock Performance

NASDAQ:SRAD traded up $0.57 during trading hours on Wednesday, hitting $29.41. 1,593,387 shares of the company traded hands, compared to its average volume of 1,124,087. The stock has a market capitalization of $32.73 billion, a price-to-earnings ratio of 154.80 and a beta of 2.07. Sportradar Group has a twelve month low of $10.06 and a twelve month high of $29.47. The firm has a 50-day moving average of $24.82 and a 200 day moving average of $22.28. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to analysts' expectations 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 was up 17.0% on a year-over-year basis. On average, analysts forecast that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

Hedge funds have recently bought and sold shares of the business. National Bank of Canada FI increased its position in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after acquiring an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new position in Sportradar Group during the fourth quarter worth about $28,000. Pacer Advisors Inc. increased its position in Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after acquiring an additional 537 shares during the period. US Bancorp DE acquired a new stake in Sportradar Group during the fourth quarter worth about $39,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Sportradar Group during the first quarter worth about $52,000.

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.