Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $31.82 and last traded at $31.05, with a volume of 30913 shares trading hands. The stock had previously closed at $31.28.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on SRAD shares. The Goldman Sachs Group started coverage on shares of Sportradar Group in a research report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective for the company. JMP Securities raised their price objective on shares of Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 15th. Arete started coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Macquarie initiated coverage on shares of Sportradar Group in a research report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.50.
Get Our Latest Stock Analysis on SRAD
Sportradar Group Stock Up 1.5%
The company has a market cap of $35.20 billion, a P/E ratio of 87.86 and a beta of 2.07. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm's 50 day moving average price is $28.57 and its 200-day moving average price is $24.62.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. The company had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company's revenue for the quarter 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 research analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC boosted its stake in Sportradar Group by 2.1% during the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company's stock worth $526,000 after acquiring an additional 394 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Sportradar Group by 43.9% during the 1st 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 last quarter. SBI Securities Co. Ltd. boosted its stake in Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after acquiring an additional 551 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Sportradar Group by 1.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after acquiring an additional 691 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Sportradar Group by 29.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company's stock worth $99,000 after acquiring an additional 801 shares during the last quarter.
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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