Sportradar Group (NASDAQ:SRAD) Sees Unusually-High Trading Volume

Sportradar Group AG (NASDAQ:SRAD) shares saw strong trading volume on Tuesday . 268,628 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 301,734 shares.The stock last traded at $9.95 and had previously closed at $10.18.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley upped their price objective on Sportradar Group from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Thursday, March 21st. Citigroup upped their price objective on Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Jefferies Financial Group cut their target price on Sportradar Group from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Sportradar Group from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.67.

Sportradar Group Trading Down 1.3 %

The company has a market cap of $11.08 billion, a price-to-earnings ratio of 83.08 and a beta of 1.97. The firm has a 50 day moving average price of $10.54 and a two-hundred day moving average price of $10.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. The business had revenue of $271.98 million during the quarter, compared to analysts’ expectations of $267.36 million. As a group, equities analysts forecast that Sportradar Group AG will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Sportradar Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 174,584 shares of the company’s stock worth $1,738,000 after purchasing an additional 990 shares during the period. BlackRock Inc. boosted its holdings in Sportradar Group by 13.8% in the second quarter. BlackRock Inc. now owns 9,715 shares of the company’s stock worth $125,000 after acquiring an additional 1,178 shares in the last quarter. Truist Financial Corp boosted its holdings in Sportradar Group by 4.3% in the fourth quarter. Truist Financial Corp now owns 33,298 shares of the company’s stock worth $368,000 after acquiring an additional 1,373 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Sportradar Group by 122.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,852 shares of the company’s stock worth $37,000 after acquiring an additional 1,570 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Sportradar Group by 4.5% in the third quarter. Invesco Ltd. now owns 39,143 shares of the company’s stock worth $392,000 after acquiring an additional 1,682 shares in the last quarter.

Sportradar Group Company Profile

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.