Sportradar Group (NASDAQ:SRAD) Now Covered by Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $30.00 price target on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 37.55% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. UBS Group lifted their price objective on Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Zacks Research downgraded shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group initiated coverage on Sportradar Group in a research report on Monday, July 21st. They issued a “neutral” rating and a $31.00 price target for the company. Finally, Roth Capital initiated coverage on Sportradar Group in a research report on Friday, September 12th. They set a “buy” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.78.

Sportradar Group Stock Performance

Sportradar Group stock opened at $21.81 on Tuesday. Sportradar Group has a twelve month low of $16.27 and a twelve month high of $32.22. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.53 billion, a P/E ratio of 60.58 and a beta of 2.01. The stock’s 50 day moving average is $26.70 and its 200 day moving average is $27.06.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently bought and sold shares of SRAD. ORG Partners LLC boosted its position in shares of Sportradar Group by 2,137.8% in the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 962 shares in the last quarter. Pacer Advisors Inc. increased its position in Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock valued at $38,000 after buying an additional 537 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Sportradar Group by 3,058.0% in the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock valued at $44,000 after buying an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after buying an additional 1,620 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in Sportradar Group in the first quarter worth about $52,000.

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.