Brokerages Set Sportradar Group AG (NASDAQ:SRAD) Target Price at $31.70

Sportradar Group AG (NASDAQ:SRAD) has earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.70.

Several equities research analysts have weighed in on the company. UBS Group cut their target price on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday, December 29th. Citizens Jmp lowered their target price on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research note on Monday, January 5th. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company lowered their target price on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA bought a new stake in shares of Sportradar Group in the 2nd quarter valued at about $123,087,000. Invesco Ltd. boosted its holdings in Sportradar Group by 536.7% in the second quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock valued at $83,477,000 after acquiring an additional 2,505,890 shares during the last quarter. Bank of America Corp DE increased its position in Sportradar Group by 491.6% during the 3rd quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock valued at $46,495,000 after purchasing an additional 1,436,263 shares during the period. UBS Group AG increased its position in Sportradar Group by 107.1% during the 4th quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock valued at $56,908,000 after purchasing an additional 1,238,054 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Sportradar Group by 76.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock worth $77,668,000 after purchasing an additional 1,196,197 shares during the last quarter.

Sportradar Group Trading Down 2.0%

Shares of Sportradar Group stock opened at $18.11 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group has a 12-month low of $17.73 and a 12-month high of $32.22. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 56.60 and a beta of 2.01. The firm’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $25.66.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $342.71 million for the quarter, compared to the consensus estimate of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.The business’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. On average, analysts forecast that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

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.