Sportradar Group (NASDAQ:SRAD) Upgraded at Freedom Capital

Sportradar Group (NASDAQ:SRAD) was upgraded by research analysts at Freedom Capital to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group cut shares of Sportradar Group from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $14.00 in a research note on Friday, April 24th. Citigroup lowered their price objective on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. 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. Citizens Jmp lowered their price target on Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on Sportradar Group from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Sportradar Group Trading Up 3.7%

Shares of Sportradar Group stock opened at $14.91 on Monday. Sportradar Group has a 12-month low of $11.66 and a 12-month high of $32.22. The stock has a market cap of $4.46 billion, a P/E ratio of 62.12 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $14.52 and its 200-day moving average is $16.56.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. During the same period in the previous year, the company posted $0.07 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Sportradar Group will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Sportradar Group

In other Sportradar Group news, Director George Fleet bought 7,850 shares of Sportradar Group stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $12.73 per share, with a total value of $99,930.50. Following the acquisition, the director owned 160,873 shares in the company, valued at $2,047,913.29. This trade represents a 5.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Kurtz purchased 8,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $12.97 per share, for a total transaction of $103,760.00. Following the acquisition, the director owned 30,179 shares of the company’s stock, valued at $391,421.63. This trade represents a 36.07% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 357,893 shares of company stock valued at $4,668,220.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in 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 worth $31,000 after buying an additional 620 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Sportradar Group during the fourth quarter valued at about $45,000. Tower Research Capital LLC TRC boosted its holdings in 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 purchasing an additional 1,620 shares during the last quarter. Finally, CWM LLC grew its position in Sportradar Group by 316.0% in the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 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.