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

Sportradar Group AG (NASDAQ:SRAD) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, eleven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $22.60.

SRAD has been the topic of several research reports. Jefferies Financial Group cut Sportradar Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $14.00 in a research note on Friday, April 24th. JPMorgan Chase & Co. upped their price target on Sportradar Group from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Wells Fargo & Company decreased their price objective on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Citizens Jmp lowered their target price on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 8th. Finally, Morgan Stanley increased their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th.

Sportradar Group Stock Down 2.8%

Shares of NASDAQ SRAD opened at $14.28 on Friday. The stock’s 50-day simple moving average is $14.60 and its 200-day simple moving average is $16.43. Sportradar Group has a 1 year low of $11.66 and a 1 year high of $32.22. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 59.50 and a beta of 1.60. 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 quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The company had revenue of $401.11 million for the quarter, compared to analyst estimates of $417.86 million. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. As a group, equities analysts anticipate that Sportradar Group will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Sportradar Group

In other Sportradar Group news, Director Deirdre Mary Bigley acquired 3,940 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $12.57 per share, for a total transaction of $49,525.80. Following the completion of the purchase, the director directly owned 13,897 shares in the company, valued at $174,685.29. The trade was a 39.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rajani Ramanathan purchased 8,003 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average price of $12.49 per share, for a total transaction of $99,957.47. Following the completion of the transaction, the director directly owned 38,947 shares in the company, valued at approximately $486,448.03. This trade represents a 25.86% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 357,893 shares of company stock worth $4,668,220. 85.02% of the stock is owned by company insiders.

Institutional Trading of Sportradar Group

Several hedge funds have recently added to or reduced their stakes in SRAD. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 purchasing an additional 620 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Sportradar Group during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of Sportradar Group during the fourth quarter valued at about $45,000. Tower Research Capital LLC TRC lifted its holdings in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the period. Finally, CWM LLC lifted its holdings in Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 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.