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

Sportradar Group AG (NASDAQ:SRAD) has received a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.5556.

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Wells Fargo & Company began coverage on shares of Sportradar Group in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 target price on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Zacks Research downgraded Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th.

Institutional Trading of Sportradar Group

Institutional investors and hedge funds have recently modified their holdings of the business. K.J. Harrison & Partners Inc bought a new stake in Sportradar Group during the 2nd quarter valued at $1,404,000. Integrity Alliance LLC. acquired a new position in shares of Sportradar Group during the first quarter valued at $321,000. Graham Capital Management L.P. raised its stake in shares of Sportradar Group by 21.2% during the first quarter. Graham Capital Management L.P. now owns 54,004 shares of the company’s stock valued at $1,168,000 after purchasing an additional 9,457 shares in the last quarter. Greenhouse Funds LLLP lifted its holdings in Sportradar Group by 1.6% in the second quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after purchasing an additional 129,276 shares during the period. Finally, Acadian Asset Management LLC grew its position in Sportradar Group by 34.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company’s stock valued at $31,574,000 after buying an additional 378,163 shares in the last quarter.

Sportradar Group Trading Down 1.9%

NASDAQ:SRAD opened at $23.32 on Tuesday. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 72.88 and a beta of 2.01. Sportradar Group has a one year low of $17.10 and a one year high of $32.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The business’s 50-day simple moving average is $23.17 and its 200 day simple moving average is $26.76.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.Sportradar Group’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. As a group, sell-side analysts predict 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.