Sportradar Group (NASDAQ:SRAD) PT Lowered to $11.00

Sportradar Group (NASDAQ:SRAD) had its price objective reduced by Jefferies Financial Group from $13.00 to $11.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently commented on SRAD. Needham & Company LLC reiterated a buy rating and set a $15.00 target price on shares of Sportradar Group in a report on Wednesday, March 20th. Canaccord Genuity Group restated a buy rating and set a $16.00 price objective on shares of Sportradar Group in a report on Thursday, March 21st. Morgan Stanley lifted their price objective on Sportradar Group from $11.00 to $11.50 and gave the stock an equal weight rating in a report on Tuesday, April 9th. Citigroup lifted their price objective on Sportradar Group from $15.00 to $17.00 and gave the stock a buy rating in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an overweight rating in a report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $13.67.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $9.70 on Tuesday. The firm has a market capitalization of $10.78 billion, a P/E ratio of 80.79 and a beta of 1.97. Sportradar Group has a 1-year low of $8.08 and a 1-year high of $15.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day simple moving average is $10.53 and its 200-day simple moving average is $10.28.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $271.98 million for the quarter, compared to analyst estimates of $267.36 million. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. Equities analysts predict that Sportradar Group will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Sportradar Group during the 1st quarter worth $5,492,000. Federated Hermes Inc. lifted its holdings in shares of Sportradar Group by 42.5% in the first quarter. Federated Hermes Inc. now owns 2,785,700 shares of the company’s stock valued at $46,354,000 after buying an additional 830,887 shares during the period. First Trust Advisors LP acquired a new stake in shares of Sportradar Group in the first quarter valued at $218,000. Durable Capital Partners LP lifted its holdings in shares of Sportradar Group by 46.0% in the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock valued at $54,967,000 after buying an additional 1,040,085 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Sportradar Group by 32.7% in the first quarter. UBS Group AG now owns 171,507 shares of the company’s stock valued at $2,854,000 after buying an additional 42,310 shares during the period.

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.