Sportradar Group (NASDAQ:SRAD) Shares Gap Down to $10.94

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.94, but opened at $10.70. Sportradar Group shares last traded at $10.63, with a volume of 74,301 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup raised their target price on shares of Sportradar Group from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, March 22nd. Benchmark reaffirmed a "buy" rating and issued a $12.00 price target on shares of Sportradar Group in a research note on Thursday, May 16th. JPMorgan Chase & Co. began coverage on shares of Sportradar Group in a research note on Tuesday. They set a "neutral" rating and a $12.00 price objective on the stock. Morgan Stanley upped their price target on shares of Sportradar Group from $11.00 to $11.50 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. Finally, Needham & Company LLC restated a "buy" rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, May 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Sportradar Group presently has an average rating of "Moderate Buy" and an average target price of $13.81.

Sportradar Group Price Performance

The company has a 50 day moving average price of $10.16 and a 200-day moving average price of $10.49. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 118.24 and a beta of 2.04. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. Sportradar Group had a return on equity of 3.35% and a net margin of 2.90%. The business had revenue of $271.98 million during the quarter, compared to the consensus estimate of $267.36 million. As a group, equities research analysts predict that Sportradar Group AG will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in Sportradar Group by 19.5% during the third quarter. Federated Hermes Inc. now owns 5,013,112 shares of the company's stock worth $50,181,000 after buying an additional 819,078 shares during the last quarter. 12 West Capital Management LP lifted its stake in shares of Sportradar Group by 33.4% in the 3rd quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company's stock valued at $36,419,000 after purchasing an additional 909,933 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Sportradar Group by 6.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 429,647 shares of the company's stock valued at $4,748,000 after purchasing an additional 25,357 shares in the last quarter. Roubaix Capital LLC grew its stake in Sportradar Group by 47.1% during the fourth quarter. Roubaix Capital LLC now owns 356,795 shares of the company's stock worth $3,943,000 after purchasing an additional 114,238 shares during the period. Finally, Aurora Investment Counsel increased its holdings in Sportradar Group by 30.9% in the first quarter. Aurora Investment Counsel now owns 162,516 shares of the company's stock worth $1,892,000 after purchasing an additional 38,397 shares in the last quarter.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.