Sportradar Group AG (NASDAQ:SRAD) Receives $22.67 Average PT from Analysts

Sportradar Group AG (NASDAQ:SRAD) has received an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.4667.

SRAD has been the subject of several analyst reports. Needham & Company LLC upped their price objective on Sportradar Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. BTIG Research lowered their price target on Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Wells Fargo & Company dropped their price target on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Thursday, July 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a report on Friday, March 27th.

Sportradar Group Price Performance

Sportradar Group stock opened at $14.29 on Friday. The stock has a market cap of $4.28 billion, a P/E ratio of 59.54 and a beta of 1.60. The company has a fifty day simple moving average of $14.67 and a 200-day simple moving average of $16.35. Sportradar Group has a 12-month low of $11.66 and a 12-month high of $32.22. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The firm 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 business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Equities analysts expect that Sportradar Group will post 0.39 EPS for the current fiscal year.

Insider Transactions at Sportradar Group

In related news, Director Marc Walder acquired 66,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $12.77 per share, for a total transaction of $842,820.00. Following the completion of the purchase, the director directly owned 342,563 shares of the company’s stock, valued at approximately $4,374,529.51. The trade was a 23.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William Kurtz acquired 8,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $12.97 per share, with a total value of $103,760.00. Following the purchase, the director directly owned 30,179 shares of the company’s stock, valued at $391,421.63. This represents a 36.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 357,893 shares of company stock worth $4,668,220. Insiders own 85.02% of the company’s stock.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth High Governance Capital Ltda grew its stake in Sportradar Group by 144.1% during the 4th quarter. Wealth High Governance Capital Ltda now owns 366,157 shares of the company’s stock worth $8,704,000 after buying an additional 216,159 shares during the last quarter. UBS Group AG lifted its stake in Sportradar Group by 107.1% in the fourth quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock valued at $56,908,000 after buying an additional 1,238,054 shares during the last quarter. Stephens Investment Management Group LLC purchased a new stake in Sportradar Group in the fourth quarter valued at approximately $52,643,000. Asset Management One Co. Ltd. purchased a new stake in Sportradar Group in the fourth quarter valued at approximately $2,941,000. Finally, BW Gestao de Investimentos Ltda. boosted its holdings in shares of Sportradar Group by 133.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 233,843 shares of the company’s stock valued at $5,558,000 after acquiring an additional 133,841 shares during the period.

About Sportradar Group

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.