Sportradar Group AG (NASDAQ:SRAD) Receives Average Recommendation of “Moderate Buy” from Analysts

Sportradar Group AG (NASDAQ:SRAD) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $31.70.

SRAD has been the topic of a number of research analyst reports. Stifel Nicolaus assumed coverage on Sportradar Group in a research report on Thursday. They issued a “buy” rating and a $28.00 target price on the stock. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Wednesday. Guggenheim upped their target price on shares of Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company lowered their target price on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Finally, Citizens Jmp reduced their price target on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Monday, January 5th.

Sportradar Group Stock Performance

Sportradar Group stock opened at $18.16 on Friday. The firm has a 50 day simple moving average of $21.86 and a 200-day simple moving average of $26.03. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 56.75 and a beta of 2.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. Sportradar Group has a 1-year low of $17.89 and a 1-year high of $32.22.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SRAD. ORG Partners LLC boosted its position in shares of Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 962 shares during the period. TD Private Client Wealth LLC lifted its stake in Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after acquiring an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after acquiring an additional 1,620 shares during the period. Farther Finance Advisors LLC boosted its holdings in Sportradar Group by 436.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock valued at $82,000 after acquiring an additional 2,791 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in Sportradar Group by 29.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after acquiring an additional 801 shares in the last quarter.

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.