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

Sportradar Group AG (NASDAQ:SRAD) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $27.00.

Several equities analysts recently commented on SRAD shares. Jefferies Financial Group upped their price objective on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Citigroup lifted their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Benchmark lifted their price objective on Sportradar Group from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. BTIG Research initiated coverage on Sportradar Group in a report on Friday, April 11th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Sportradar Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th.

Hedge Funds Weigh In On Sportradar Group

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI grew its stake in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after acquiring an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group in the fourth quarter worth $28,000. Pacer Advisors Inc. raised its position in shares of Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock worth $38,000 after buying an additional 537 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Sportradar Group in the fourth quarter worth $39,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group in the 4th quarter valued at about $43,000.

Sportradar Group Stock Performance

SRAD stock opened at $23.98 on Monday. The firm has a market cap of $26.68 billion, a PE ratio of 119.91, a P/E/G ratio of 1.53 and a beta of 2.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $22.44 and a 200-day moving average of $20.05. Sportradar Group has a 12-month low of $9.94 and a 12-month high of $25.85.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $336.71 million for the quarter, compared to analysts’ expectations of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sportradar Group’s revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts expect that Sportradar Group will post 0.15 earnings per share for the current year.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.