Sportradar Group (NASDAQ:SRAD) Issues Quarterly Earnings Results

Sportradar Group (NASDAQ:SRAD) released its earnings results on Tuesday. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. The business had revenue of $410.62 million for the quarter, compared to the consensus estimate of $405.74 million. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS.

Sportradar Group Stock Up 7.0%

SRAD stock opened at $12.87 on Tuesday. The stock has a market cap of $3.85 billion, a PE ratio of 214.54 and a beta of 1.59. The firm’s 50-day simple moving average is $12.49 and its 200 day simple moving average is $14.94. Sportradar Group has a fifty-two week low of $11.39 and a fifty-two week high of $26.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating for the company in a research report on Monday, October 19th. UBS Group cut shares of Sportradar Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $16.00 in a report on Wednesday, August 5th. Stifel Nicolaus decreased their target price on Sportradar Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a report on Friday, August 28th. Finally, Freedom Capital raised Sportradar Group to a “strong-buy” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.03.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.