Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price was down 3.2% on Thursday . The company traded as low as $30.90 and last traded at $30.24. Approximately 64,182 shares changed hands during trading, a decline of 96% from the average daily volume of 1,657,596 shares. The stock had previously closed at $31.24.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on SRAD shares. JMP Securities upped their target price on shares of Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a report on Wednesday, September 3rd. Jefferies Financial Group upped their target price on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Zacks Research raised shares of Sportradar Group from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. The Goldman Sachs Group assumed coverage on shares of Sportradar Group in a report on Monday, July 21st. They set a "neutral" rating and a $31.00 target price on the stock. Finally, Macquarie assumed coverage on shares of Sportradar Group in a report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.41.
Check Out Our Latest Report on SRAD
Sportradar Group Stock Performance
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 company's fifty day moving average is $29.90 and its 200 day moving average is $25.67. The company has a market cap of $9.06 billion, a P/E ratio of 84.00 and a beta of 2.07.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. The business's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sportradar Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cresset Asset Management LLC lifted its position in shares of Sportradar Group by 2.1% in the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company's stock worth $526,000 after purchasing an additional 394 shares during the period. Pacer Advisors Inc. lifted its position in shares of Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after purchasing an additional 537 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Sportradar Group by 34.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after purchasing an additional 551 shares during the period. Silvercrest Asset Management Group LLC lifted its position in shares of Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after purchasing an additional 691 shares during the period. Finally, Loomis Sayles & Co. L P lifted its position in shares of Sportradar Group by 29.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company's stock worth $99,000 after purchasing an additional 801 shares during the period.
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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