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

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.5625.

Several analysts have commented on SRAD shares. Stifel Nicolaus dropped their target price on shares of Sportradar Group from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citigroup dropped their target price on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a report on Friday, March 27th. Guggenheim lowered their price objective on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Benchmark lowered their price objective on shares of Sportradar Group from $23.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th.

Insider Buying and Selling

In other Sportradar Group news, Director William Kurtz acquired 8,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $12.97 per share, for a total transaction of $103,760.00. Following the completion of the acquisition, the director directly owned 30,179 shares of the company’s stock, valued at approximately $391,421.63. This trade represents a 36.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deirdre Mary Bigley acquired 3,940 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $12.57 per share, for a total transaction of $49,525.80. Following the completion of the acquisition, the director directly owned 13,897 shares of the company’s stock, valued at $174,685.29. The trade was a 39.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 357,893 shares of company stock valued at $4,668,220 over the last ninety days.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sportradar Group in the first quarter valued at $573,000. Goldman Sachs Group Inc. grew its stake in shares of Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after buying an additional 388,769 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sportradar Group by 5.3% in the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after buying an additional 9,162 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Sportradar Group in the second quarter valued at $316,000. Finally, Legal & General Group Plc bought a new position in shares of Sportradar Group in the second quarter valued at $260,000.

Sportradar Group News Roundup

Here are the key news stories impacting Sportradar Group this week:

• Neutral Sentiment: Multiple law firms, including Rosen, Faruqi & Faruqi, Kahn Swick & Foti, Schall, DJS Law Group, Hagens Berman, Robbins Geller, and Howard G. Smith, are advertising or investigating class action claims against Sportradar and reminding investors of the July 17 lead-plaintiff deadline.
• Negative Sentiment: The litigation centers on alleged compliance misrepresentations and possible securities-law violations, which could increase legal costs, distract management, and create additional downside risk for shares if the case gains traction.
• Negative Sentiment: Repeated references to investor losses and a prior sharp stock drop suggest sentiment remains fragile, with the legal headlines likely acting as a headwind for SRAD in the near term. Article: Sportradar Investors Who Suffered Losses Urged to Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC as Securities Fraud Class Action Cites Compliance Misrepresentations and 22% Stock Decline

Sportradar Group Stock Performance

Shares of SRAD stock opened at $15.11 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $4.52 billion, a P/E ratio of 62.96 and a beta of 1.64. The company’s 50 day moving average price is $14.12 and its two-hundred day moving average price is $17.39. Sportradar Group has a 52 week low of $11.66 and a 52 week high of $32.22.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $401.11 million for the quarter, compared to analyst estimates of $417.86 million. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share. On average, analysts expect that Sportradar Group will post 0.4 earnings per share for the current fiscal 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.