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

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.19.

A number of research firms have commented on SRAD. Freedom Capital raised shares of Sportradar Group to a “strong-buy” rating in a research note on Monday, July 20th. Zacks Research cut shares of Sportradar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. UBS Group downgraded shares of Sportradar Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $16.00 in a report on Wednesday, August 5th. Citizens Jmp cut their target price on shares of Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 4th. Finally, BTIG Research cut Sportradar Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $12.06 on Thursday. The stock has a market cap of $3.61 billion, a P/E ratio of 201.03 and a beta of 1.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $12.85 and its two-hundred day moving average price is $14.26. Sportradar Group has a twelve month low of $11.39 and a twelve month high of $27.85.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) EPS for the quarter. The business had revenue of $431.19 million for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. As a group, equities analysts predict that Sportradar Group will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently modified their holdings of SRAD. Allied Private Wealth LLC purchased a new position in shares of Sportradar Group during the 2nd quarter valued at about $61,000. Nomura Asset Management Co. Ltd. boosted its stake in Sportradar Group by 100.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $71,000 after buying an additional 1,500 shares in the last quarter. SHP Wealth Management purchased a new stake in Sportradar Group in the fourth quarter worth approximately $86,000. Rockefeller Capital Management L.P. grew its position in Sportradar Group by 4,969.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company’s stock valued at $142,000 after acquiring an additional 5,864 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in Sportradar Group during the second quarter valued at approximately $176,000.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.