Sportradar Group (NASDAQ:SRAD) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Sportradar Group (NASDAQ:SRAD) issued its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08), FiscalAI reports. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The firm had revenue of $431.19 million during the quarter, compared to analysts’ expectations of $435.95 million.

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $14.54 on Monday. Sportradar Group has a twelve month low of $11.66 and a twelve month high of $32.22. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 60.58 and a beta of 1.61. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $14.82 and a 200 day moving average price of $16.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SRAD. Pacer Advisors Inc. lifted its stake in shares of Sportradar Group by 24.9% during the fourth quarter. Pacer Advisors Inc. now owns 6,230 shares of the company’s stock worth $148,000 after purchasing an additional 1,241 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Sportradar Group by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock valued at $287,158,000 after buying an additional 1,929,037 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at about $1,019,000. Empowered Funds LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at about $31,000. Finally, Symmetry Investments LP purchased a new stake in shares of Sportradar Group during the 4th quarter valued at about $2,044,000.

Analyst Ratings Changes

Several equities research analysts have commented on SRAD shares. Wells Fargo & Company dropped their price target on Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on Sportradar Group from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Citizens Jmp reduced their price objective on Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 8th. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a report on Tuesday, June 9th. Finally, Stifel Nicolaus dropped their target price on shares of Sportradar Group from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.47.

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.