Sportradar Group (NASDAQ:SRAD) PT Lowered to $11.00

Sportradar Group (NASDAQ:SRAD) had its price target reduced by equities researchers at Jefferies Financial Group from $13.00 to $11.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 10.33% from the company’s previous close.

A number of other brokerages also recently commented on SRAD. JPMorgan Chase & Co. boosted their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Thursday, March 21st. Morgan Stanley lifted their price objective on Sportradar Group from $11.00 to $11.50 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Sportradar Group in a research report on Wednesday, March 20th. Finally, Citigroup raised their price target on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.67.

Sportradar Group Stock Down 1.3 %

SRAD opened at $9.97 on Tuesday. The stock’s fifty day moving average is $10.54 and its 200-day moving average is $10.29. Sportradar Group has a one year low of $8.08 and a one year high of $15.56. The company has a market capitalization of $11.08 billion, a PE ratio of 83.09 and a beta of 1.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $271.98 million during the quarter, compared to the consensus estimate of $267.36 million. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. On average, equities analysts predict that Sportradar Group will post 0.32 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new position in shares of Sportradar Group in the 2nd quarter valued at $30,000. Tower Research Capital LLC TRC acquired a new position in Sportradar Group in the fourth quarter valued at about $32,000. Qube Research & Technologies Ltd bought a new stake in shares of Sportradar Group in the third quarter worth about $61,000. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group during the fourth quarter worth about $64,000. Finally, Royal Bank of Canada lifted its holdings in shares of Sportradar Group by 523.9% during the 4th quarter. Royal Bank of Canada now owns 7,281 shares of the company’s stock valued at $81,000 after purchasing an additional 6,114 shares in the last quarter.

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.