Sportradar Group AG (NASDAQ:SRAD) Receives $30.16 Average Price Target from Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given a consensus rating of “Moderate Buy” by the twenty brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.3333.

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Wells Fargo & Company lowered their target price on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Guggenheim restated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. Needham & Company LLC cut their price objective on Sportradar Group from $34.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Citizens Jmp decreased their price target on shares of Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 4th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cresset Asset Management LLC boosted its stake in shares of Sportradar Group by 2.1% in the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock valued at $526,000 after purchasing an additional 394 shares in the last quarter. Mindset Wealth Management LLC lifted its stake in Sportradar Group by 5.5% in the third quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock worth $242,000 after purchasing an additional 466 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Sportradar Group by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock valued at $260,000 after buying an additional 489 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Sportradar Group by 93.1% during the fourth 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. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after buying an additional 801 shares during the period.

Sportradar Group Price Performance

Sportradar Group stock opened at $19.61 on Friday. The firm has a market capitalization of $5.87 billion, a P/E ratio of 59.43 and a beta of 2.00. Sportradar Group has a one year low of $15.73 and a one year high of $32.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.36. The business has a fifty day moving average price of $18.24 and a 200-day moving average price of $22.73.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The company had revenue of $432.81 million for the quarter, compared to the consensus estimate of $369.59 million. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts forecast that Sportradar Group will post 0.15 EPS for the current year.

Sportradar Group Company Profile

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.