Sportradar Group (NASDAQ:SRAD) Downgraded by Weiss Ratings to Sell (D+)

Key Points

• Sportradar Group has been downgraded by Weiss Ratings from a "hold (C-)" to a "sell (D+)" rating, indicating a negative outlook for the company's stock.
• The average analyst rating for Sportradar Group remains a "Moderate Buy," with a consensus price target of $31.88.
• In its latest earnings report, Sportradar Group beat consensus estimates with $0.17 earnings per share and reported strong revenue growth of 14.1% year-over-year.

Sportradar Group (NASDAQ:SRAD - Get Free Report) was downgraded by analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a report released on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group started coverage on Sportradar Group in a research report on Monday, July 21st. They set a "neutral" rating and a $31.00 price target on the stock. Zacks Research downgraded Sportradar Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. upped their price target on Sportradar Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Arete started coverage on Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price target on the stock. Finally, Needham & Company LLC upped their price target on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and a consensus price target of $31.88.

Sportradar Group Stock Performance

Sportradar Group stock opened at $25.51 on Wednesday. The company has a 50 day moving average price of $29.56 and a 200-day moving average price of $26.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. Sportradar Group has a fifty-two week low of $11.72 and a fifty-two week high of $32.22. The company has a market capitalization of $7.64 billion, a PE ratio of 70.86 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. The firm had revenue of $374.25 million during the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company's quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently modified their holdings of SRAD. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sportradar Group during the 2nd quarter worth about $123,087,000. Invesco Ltd. boosted its stake in shares of Sportradar Group by 536.7% during the 2nd quarter. Invesco Ltd. now owns 2,972,813 shares of the company's stock worth $83,477,000 after acquiring an additional 2,505,890 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Sportradar Group during the 1st quarter worth about $48,596,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Sportradar Group by 76.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company's stock worth $77,668,000 after acquiring an additional 1,196,197 shares in the last quarter. Finally, Soros Fund Management LLC purchased a new stake in shares of Sportradar Group during the 2nd quarter worth about $28,563,000.

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.

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