Sportradar Group (NASDAQ:SRAD) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Sportradar Group (NASDAQ:SRAD) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. BTIG Research decreased their price target on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Citigroup dropped their price objective on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a report on Friday, March 27th. Truist Financial cut their price objective on shares of Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Stifel Nicolaus decreased their target price on shares of Sportradar Group from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.60.

Sportradar Group Stock Down 2.8%

SRAD stock opened at $14.28 on Monday. Sportradar Group has a fifty-two week low of $11.66 and a fifty-two week high of $32.22. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 59.50 and a beta of 1.60. The business’s 50 day moving average price is $14.60 and its two-hundred day moving average price is $16.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The firm had revenue of $401.11 million during the quarter, compared to analysts’ expectations of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. As a group, analysts forecast that Sportradar Group will post 0.4 earnings per share for the current fiscal year.

Insider Activity at Sportradar Group

In other news, CEO Carsten Koerl acquired 143,000 shares of Sportradar Group stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $13.23 per share, for a total transaction of $1,891,890.00. Following the purchase, the chief executive officer owned 2,278,272 shares in the company, valued at $30,141,538.56. This trade represents a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Fleet acquired 7,850 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $12.73 per share, for a total transaction of $99,930.50. Following the completion of the transaction, the director directly owned 160,873 shares in the company, valued at $2,047,913.29. This represents a 5.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 357,893 shares of company stock worth $4,668,220 in the last ninety days. 85.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors have recently modified their holdings of the business. Cresset Asset Management LLC grew its position in Sportradar Group by 2.1% during the second quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock valued at $526,000 after buying an additional 394 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Sportradar Group by 93.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after acquiring an additional 620 shares during the period. Parallel Advisors LLC grew its position in shares of Sportradar Group by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock valued at $274,000 after acquiring an additional 937 shares during the period. Glenmede Trust Co. NA grew its position in shares of Sportradar Group by 3.8% during the 1st quarter. Glenmede Trust Co. NA now owns 26,470 shares of the company’s stock valued at $443,000 after acquiring an additional 970 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its position in shares of Sportradar Group by 7.7% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 14,745 shares of the company’s stock valued at $356,000 after acquiring an additional 1,055 shares during the period.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.