Sportradar Group AG (NASDAQ:SRAD) Receives $31.70 Consensus Target Price from Analysts

Shares of Sportradar Group AG (NASDAQ:SRAD) have received an average recommendation of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $31.70.

Several brokerages have weighed in on SRAD. Arete Research raised Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Citizens Jmp reduced their price objective on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Monday, January 5th. Stifel Nicolaus assumed coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They set a “buy” rating and a $28.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC increased its stake in shares of Sportradar Group by 2.1% in the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock valued at $526,000 after acquiring an additional 394 shares during the last quarter. Mindset Wealth Management LLC grew its holdings in Sportradar Group by 5.5% during the third quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock valued at $242,000 after purchasing an additional 466 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Sportradar Group by 5.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock valued at $260,000 after purchasing an additional 489 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after purchasing an additional 801 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Sportradar Group by 2,137.8% during the second 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.

Sportradar Group Price Performance

SRAD opened at $18.58 on Friday. Sportradar Group has a one year low of $17.73 and a one year high of $32.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. The company’s 50 day simple moving average is $21.65 and its 200-day simple moving average is $25.79. The stock has a market capitalization of $5.56 billion, a P/E ratio of 58.06 and a beta of 2.01.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $342.71 million during the quarter, compared to the consensus estimate of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Sell-side analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

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.