Sportradar Group (NASDAQ:SRAD) Upgraded by Freedom Capital to “Strong-Buy” Rating

Freedom Capital upgraded shares of Sportradar Group (NASDAQ:SRAD) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

SRAD has been the subject of several other reports. Needham & Company LLC upped their price objective on Sportradar Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Truist Financial cut their price target on Sportradar Group from $26.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research report on Friday, March 27th. Citizens Jmp decreased 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. Finally, UBS Group reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $22.67.

Sportradar Group Price Performance

NASDAQ SRAD opened at $14.91 on Monday. The company has a 50-day moving average price of $14.52 and a 200-day moving average price of $16.56. Sportradar Group has a 52 week low of $11.66 and a 52 week high of $32.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.46 billion, a P/E ratio of 62.12 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The business had revenue of $401.11 million for the quarter, compared to the consensus estimate of $417.86 million. During the same quarter last year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Sportradar Group will post 0.4 earnings per share for the current year.

Insider Buying and Selling at Sportradar Group

In other Sportradar Group news, Director Deirdre Mary Bigley acquired 3,940 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $12.57 per share, for a total transaction of $49,525.80. Following the completion of the transaction, the director directly owned 13,897 shares of the company’s stock, valued at approximately $174,685.29. The trade was a 39.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director George Fleet acquired 7,850 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $12.73 per share, with a total value of $99,930.50. Following the purchase, the director owned 160,873 shares of the company’s stock, valued at approximately $2,047,913.29. This trade represents a 5.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 357,893 shares of company stock valued at $4,668,220.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently modified their holdings of SRAD. T. Rowe Price Investment Management Inc. grew its stake in Sportradar Group by 19.0% during 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 acquiring an additional 1,929,037 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sportradar Group by 14.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock worth $85,421,000 after purchasing an additional 409,545 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Sportradar Group in the fourth quarter worth about $75,117,000. Stephens Investment Management Group LLC boosted its stake in Sportradar Group by 40.7% during the first quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock valued at $52,167,000 after buying an additional 901,619 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Sportradar Group by 0.5% during the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock valued at $80,383,000 after buying an additional 15,394 shares in the last quarter.

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.