Sportradar Group (NASDAQ:SRAD) Now Covered by Analysts at Stifel Nicolaus

Investment analysts at Stifel Nicolaus began coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research note issued on Thursday, Marketbeat reports. The firm set a “buy” rating and a $28.00 price target on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 53.42% from the company’s current price.

A number of other research firms have also commented on SRAD. UBS Group reduced their price target on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research note on Wednesday. Wells Fargo & Company dropped their price objective on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.30.

Sportradar Group Stock Down 2.0%

Sportradar Group stock opened at $18.25 on Thursday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 57.03 and a beta of 2.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. Sportradar Group has a fifty-two week low of $18.00 and a fifty-two week high of $32.22. The firm has a fifty day moving average price of $22.02 and a two-hundred day moving average price of $26.15.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $342.71 million during 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 company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, analysts forecast that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Trading of Sportradar Group

Large investors have recently bought and sold shares of the business. ORG Partners LLC raised its holdings in Sportradar Group by 2,137.8% during the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 962 shares during the period. TD Private Client Wealth LLC increased its position in shares of Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after acquiring an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Sportradar Group by 10,125.0% during the second 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 period. Loomis Sayles & Co. L P lifted its position in Sportradar Group by 29.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after acquiring an additional 801 shares in the last quarter. Finally, Huntington National Bank lifted its position in Sportradar Group by 33.1% in the 2nd quarter. Huntington National Bank now owns 3,946 shares of the company’s stock valued at $111,000 after acquiring an additional 982 shares in the last quarter.

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.