Sportradar Group AG (NASDAQ:SRAD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have received a consensus rating of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, fourteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.7778.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday. Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Roth Capital began coverage on shares of Sportradar Group in a research report on Friday, September 12th. They set a “buy” rating and a $40.00 price objective for the company. Finally, JMP Securities increased their target price on shares of Sportradar Group from $30.00 to $36.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 3rd.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $22.81 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $24.59 and a 200 day moving average price of $26.88. The company has a market cap of $6.83 billion, a P/E ratio of 71.28 and a beta of 2.02. Sportradar Group has a 12 month low of $16.27 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Sell-side analysts predict that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC lifted its holdings in shares of Sportradar Group by 2,137.8% in the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 962 shares during the last quarter. TD Private Client Wealth LLC increased its position in Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after buying an additional 1,529 shares during the period. Tower Research Capital LLC TRC lifted its stake in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after buying an additional 1,620 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Sportradar Group in the first quarter valued at approximately $52,000. Finally, Battery Global Advisors LLC grew its position in shares of Sportradar Group by 2,800.0% during the first quarter. Battery Global Advisors LLC now owns 2,755 shares of the company’s stock worth $60,000 after acquiring an additional 2,660 shares during 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.