Sportradar Group (NASDAQ:SRAD) Price Target Lowered to $34.00 at Citizens Jmp

Sportradar Group (NASDAQ:SRAD) had its target price decreased by analysts at Citizens Jmp from $36.00 to $34.00 in a report released on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would suggest a potential upside of 43.51% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of Sportradar Group in a report on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 price target on the stock. Zacks Research cut Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. UBS Group cut their price target on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Finally, Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.68.

Sportradar Group Stock Performance

Shares of SRAD stock traded up $0.37 during trading hours on Monday, hitting $23.69. The stock had a trading volume of 520,242 shares, compared to its average volume of 1,015,696. Sportradar Group has a twelve month low of $17.61 and a twelve month high of $32.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $7.09 billion, a PE ratio of 73.88 and a beta of 2.01. The stock’s 50 day moving average is $23.17 and its 200 day moving average is $26.78.

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

Institutional Investors Weigh In On Sportradar Group

Institutional investors have recently made changes to their positions in the company. K.J. Harrison & Partners Inc bought a new stake in shares of Sportradar Group during the second quarter worth approximately $1,404,000. Integrity Alliance LLC. bought a new stake in shares of Sportradar Group during the 1st quarter valued at $321,000. Greenhouse Funds LLLP raised its position in shares of Sportradar Group by 1.6% during the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock valued at $223,844,000 after acquiring an additional 129,276 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Sportradar Group by 200.0% in the 2nd quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock valued at $2,060,000 after purchasing an additional 49,272 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Sportradar Group by 34.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company’s stock worth $31,574,000 after purchasing an additional 378,163 shares during the last quarter.

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.