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

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $23.5625.

SRAD has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a report on Tuesday, June 9th. Jefferies Financial Group downgraded shares of Sportradar Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $30.00 to $14.00 in a report on Friday, April 24th. JPMorgan Chase & Co. downgraded shares of Sportradar Group from an “overweight” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Wednesday, May 27th. Finally, Citigroup reduced their target price on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD opened at $14.58 on Tuesday. 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 company has a market cap of $4.37 billion, a P/E ratio of 60.75 and a beta of 1.64. The firm’s fifty day moving average is $14.31 and its two-hundred day moving average is $17.68. Sportradar Group has a 52-week low of $11.66 and a 52-week high of $32.22.

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

Insider Transactions at Sportradar Group

In other Sportradar Group news, Director George Fleet bought 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, for a total transaction of $99,930.50. Following the acquisition, the director directly owned 160,873 shares in the company, valued at approximately $2,047,913.29. This represents a 5.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director William Kurtz bought 8,000 shares of Sportradar Group stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $12.97 per share, for a total transaction of $103,760.00. Following the completion of the acquisition, the director owned 30,179 shares in the company, valued at approximately $391,421.63. The trade was a 36.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 357,893 shares of company stock worth $4,668,220.

Institutional Trading of Sportradar Group

A number of large investors have recently made changes to their positions in SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sportradar Group in the 1st quarter worth about $573,000. Goldman Sachs Group Inc. grew its holdings in Sportradar Group by 175.4% during the 1st 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 grew its holdings in Sportradar Group by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after purchasing an additional 9,162 shares during the last quarter. Cetera Investment Advisers bought a new position in Sportradar Group during the 2nd quarter valued at about $316,000. Finally, Legal & General Group Plc bought a new position in Sportradar Group during the 2nd quarter valued at about $260,000.

Key Sportradar Group News

Here are the key news stories impacting Sportradar Group this week:

• Positive Sentiment: No clearly positive company-specific catalysts were reported in these articles.
• Neutral Sentiment: Several law firms, including Rosen Law Firm, Bragar Eagel & Squire, Glancy Prongay Wolke & Rotter, KSF, Levi & Korsinsky, Schall, DJS, and others, issued investor notices about the same pending securities class action and the July 17 lead-plaintiff deadline. Article title
• Neutral Sentiment: The lawsuit centers on allegations that Sportradar misled investors about compliance, its “Integrity Services,” and the legality of parts of its business model, with some reports tied to claims raised by activist short sellers and a prior sharp share decline. Article title
• Negative Sentiment: The growing number of class-action notices increases legal uncertainty and may pressure SRAD shares as investors assess potential damages, disclosure risk, and management credibility.

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.