Sportradar Group AG (NASDAQ:SRAD) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $20.4118.

Several brokerages recently issued reports on SRAD. Needham & Company LLC cut their target price on Sportradar Group from $23.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Wells Fargo & Company set a $20.00 target price on shares of Sportradar Group in a research note on Tuesday, August 4th. Citizens Jmp dropped their price target on shares of Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. cut their price target on shares of Sportradar Group from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Truist Financial reduced their price objective on shares of Sportradar Group from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th.

Sportradar Group Stock Down 1.6%

Shares of NASDAQ SRAD opened at $12.90 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average price of $13.98 and a 200-day moving average price of $15.19. The stock has a market capitalization of $3.86 billion, a P/E ratio of 215.04 and a beta of 1.58. Sportradar Group has a 1 year low of $11.55 and a 1 year high of $31.65.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $431.19 million during the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. On average, equities research analysts forecast that Sportradar Group will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors have recently modified their holdings of the business. Stephens Investment Management Group LLC purchased a new position in Sportradar Group in the fourth quarter worth $52,643,000. Spruce House Investment Management LLC purchased a new stake in shares of Sportradar Group during the 1st quarter valued at $46,035,000. Ashford Capital Management Inc. raised its stake in shares of Sportradar Group by 35.7% during the 1st quarter. Ashford Capital Management Inc. now owns 719,570 shares of the company’s stock worth $12,046,000 after purchasing an additional 189,290 shares during the period. BW Gestao de Investimentos Ltda. boosted its holdings in shares of Sportradar Group by 133.8% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 233,843 shares of the company’s stock worth $5,558,000 after buying an additional 133,841 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Sportradar Group in the 4th quarter worth about $35,866,000.

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.