Sportradar Group (NASDAQ:SRAD) Price Target Cut to $17.00 by Analysts at Stifel Nicolaus

Sportradar Group (NASDAQ:SRAD) had its price objective dropped by Stifel Nicolaus from $18.00 to $17.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective indicates a potential upside of 36.99% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Sportradar Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Friday, August 28th. Truist Financial dropped 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 note on Tuesday, August 4th. UBS Group lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $16.00 in a research report on Wednesday, August 5th. Finally, Wolfe Research initiated coverage on Sportradar Group in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus target price of $18.03.

Sportradar Group Price Performance

SRAD stock traded up $0.46 on Monday, reaching $12.41. 1,865,568 shares of the company’s stock were exchanged, compared to its average volume of 2,779,301. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. Sportradar Group has a twelve month low of $11.39 and a twelve month high of $27.45. The stock has a fifty day moving average of $12.56 and a 200-day moving average of $13.78. The firm has a market cap of $3.72 billion, a PE ratio of 206.95 and a beta of 1.59.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $431.19 million for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. As a group, equities analysts predict that Sportradar Group will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors have recently made changes to their positions in SRAD. Spruce House Investment Management LLC bought a new position in Sportradar Group in the first quarter valued at about $46,035,000. Ashford Capital Management Inc. increased its stake in Sportradar Group by 35.7% in the 1st quarter. Ashford Capital Management Inc. now owns 719,570 shares of the company’s stock worth $12,046,000 after acquiring an additional 189,290 shares during the last quarter. Headlands Technologies LLC bought a new position in Sportradar Group during the second quarter valued at approximately $1,704,000. Principal Financial Group Inc. lifted its position in shares of Sportradar Group by 34.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock worth $30,571,000 after purchasing an additional 471,309 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Sportradar Group by 963.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after acquiring an additional 2,231,810 shares in the last quarter.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.