Stifel Nicolaus Has Lowered Expectations for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its price objective reduced by stock analysts at Stifel Nicolaus from $21.00 to $20.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 40.06% from the company’s previous close.

SRAD has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Truist Financial lowered their price target on Sportradar Group from $26.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Guggenheim dropped their price target on Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Needham & Company LLC lifted their price objective on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company decreased their price objective on Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and an average target price of $22.47.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $14.28 on Wednesday. Sportradar Group has a 52-week low of $11.66 and a 52-week high of $32.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $4.28 billion, a P/E ratio of 59.50 and a beta of 1.60. The firm has a 50 day moving average price of $14.63 and a 200 day moving average price of $16.37.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The firm had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Sportradar Group will post 0.39 EPS for the current year.

Insider Transactions at Sportradar Group

In other news, Director Marc Walder purchased 66,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $12.77 per share, for a total transaction of $842,820.00. Following the completion of the acquisition, the director directly owned 342,563 shares in the company, valued at approximately $4,374,529.51. This trade represents a 23.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Fleet acquired 7,850 shares of Sportradar Group stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $12.73 per share, with a total value of $99,930.50. Following the completion of the transaction, the director directly owned 160,873 shares of the company’s stock, valued at $2,047,913.29. This trade represents a 5.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 357,893 shares of company stock worth $4,668,220. Company insiders own 85.02% of the company’s stock.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Sportradar Group during the 1st quarter worth approximately $573,000. Goldman Sachs Group Inc. raised its holdings in shares of Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after purchasing an additional 388,769 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Sportradar Group by 5.3% in the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after purchasing an additional 9,162 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Sportradar Group in the second quarter worth $316,000. Finally, Legal & General Group Plc bought a new stake in shares of Sportradar Group in the second quarter worth $260,000.

About Sportradar Group

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.