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

Shares of Sportradar Group AG (NASDAQ:SRAD) have been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.3125.

A number of research firms have recently commented on SRAD. Benchmark reissued a “buy” rating on shares of Sportradar Group in a report on Thursday, July 9th. Stifel Nicolaus lowered their price objective on shares of Sportradar Group from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company set a $20.00 price objective on shares of Sportradar Group in a research note on Tuesday, August 4th. UBS Group lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $16.00 in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group cut shares of Sportradar Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $14.00 in a research note on Friday, April 24th.

Sportradar Group Price Performance

Sportradar Group stock opened at $13.27 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. Sportradar Group has a 52 week low of $11.55 and a 52 week high of $32.22. The stock has a market capitalization of $3.97 billion, a P/E ratio of 221.20 and a beta of 1.61. The stock has a fifty day moving average of $14.78 and a 200-day moving average of $15.77.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The business had revenue of $431.19 million during the quarter. On average, sell-side analysts expect that Sportradar Group will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in Sportradar Group by 93.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after buying an additional 620 shares during the last quarter. Empowered Funds LLC acquired a new stake in Sportradar Group during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in Sportradar Group during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC grew its holdings in Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares during the last quarter. Finally, CWM LLC increased its position in Sportradar Group by 316.0% in the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after acquiring an additional 1,880 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.