Sportradar Group (NASDAQ:SRAD) Price Target Raised to $17.00

Sportradar Group (NASDAQ:SRAD) had its price objective increased by Truist Financial from $16.00 to $17.00 in a research note published on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. Guggenheim dropped their target price on shares of Sportradar Group from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday. Freedom Capital raised shares of Sportradar Group to a “strong-buy” rating in a research report on Monday, July 20th. Stifel Nicolaus lowered their price objective on shares of Sportradar Group from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, October 26th. UBS Group lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $16.00 in a report on Wednesday, August 5th. Finally, Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.97.

Sportradar Group Trading Down 4.4%

NASDAQ:SRAD traded down $0.63 on Wednesday, reaching $13.54. The company’s stock had a trading volume of 1,509,970 shares, compared to its average volume of 1,766,400. Sportradar Group has a 1-year low of $11.39 and a 1-year high of $24.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $4.05 billion, a PE ratio of 169.25 and a beta of 1.66. The business’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $14.84.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. The business had revenue of $410.62 million for the quarter, compared to analyst estimates of $405.74 million. During the same period in the prior year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. Equities research analysts anticipate that Sportradar Group will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Allied Private Wealth LLC bought a new stake in Sportradar Group during the 2nd quarter worth about $61,000. Rockefeller Capital Management L.P. boosted its stake in shares of Sportradar Group by 4,969.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company’s stock worth $142,000 after buying an additional 5,864 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of Sportradar Group in the 2nd quarter valued at about $176,000. Choreo LLC grew its holdings in shares of Sportradar Group by 23.5% in the 3rd quarter. Choreo LLC now owns 23,144 shares of the company’s stock valued at $268,000 after acquiring an additional 4,403 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Sportradar Group by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock valued at $274,000 after acquiring an additional 937 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.