Stifel Nicolaus Begins Coverage on Sportradar Group (NASDAQ:SRAD)

Research analysts at Stifel Nicolaus assumed coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $28.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 54.19% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Benchmark restated a “buy” rating on shares of Sportradar Group in a report on Wednesday. UBS Group lowered their price objective on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Wells Fargo & Company cut their price target on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Finally, Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.70.

Sportradar Group Trading Down 2.2%

NASDAQ:SRAD opened at $18.16 on Thursday. 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 stock has a market capitalization of $5.44 billion, a PE ratio of 56.75 and a beta of 2.01. Sportradar Group has a 12 month low of $17.89 and a 12 month high of $32.22. The firm’s 50 day moving average is $21.86 and its 200 day moving average is $26.03.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SRAD. Farther Finance Advisors LLC lifted its stake in shares of Sportradar Group by 436.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock worth $82,000 after purchasing an additional 2,791 shares during the last quarter. Choreo LLC raised its holdings in shares of Sportradar Group by 28.2% in the fourth quarter. Choreo LLC now owns 15,165 shares of the company’s stock worth $367,000 after buying an additional 3,333 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sportradar Group by 71.7% during the third quarter. JPMorgan Chase & Co. now owns 1,174,810 shares of the company’s stock valued at $31,602,000 after buying an additional 490,755 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Sportradar Group by 137.4% during the third quarter. Captrust Financial Advisors now owns 559,234 shares of the company’s stock valued at $15,043,000 after buying an additional 323,655 shares during the last quarter. Finally, Williamson Legacy Group LLC increased its position in shares of Sportradar Group by 11.2% in the 3rd quarter. Williamson Legacy Group LLC now owns 51,513 shares of the company’s stock valued at $1,386,000 after acquiring an additional 5,200 shares during the period.

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.