Sportradar Group AG (NASDAQ:SRAD) Receives Consensus Rating of "Moderate Buy" from Analysts

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) has earned an average rating of "Moderate Buy" from the nine brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $26.00.

Several research analysts have recently weighed in on SRAD shares. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Wednesday. JMP Securities reiterated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Benchmark boosted their price target on Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Canaccord Genuity Group increased their price objective on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SRAD. JPMorgan Chase & Co. grew its holdings in Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock worth $639,000 after purchasing an additional 28,878 shares during the period. Jane Street Group LLC acquired a new position in shares of Sportradar Group during the 3rd quarter worth approximately $479,000. Cornerstone Investment Partners LLC bought a new stake in Sportradar Group in the 4th quarter valued at $199,000. Moody National Bank Trust Division lifted its holdings in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after purchasing an additional 61,105 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Sportradar Group during the fourth quarter worth $406,000.

Sportradar Group Trading Down 5.9 %

Shares of Sportradar Group stock traded down $1.31 during trading on Friday, hitting $20.89. 477,093 shares of the company were exchanged, compared to its average volume of 644,598. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $23.25 billion, a P/E ratio of 104.46, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The firm's fifty day moving average price is $21.40 and its 200 day moving average price is $17.54. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $23.60.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The business had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. As a group, sell-side analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

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.