Sportradar Group AG (NASDAQ:SRAD) Stock Has Average Price Target of $18.22

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given an average recommendation of “Moderate Buy” by the nineteen analysts that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.03.

Several research firms have commented on SRAD. Truist Financial dropped their price objective on shares of Sportradar Group from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Canaccord Genuity Group lowered their target price on shares of Sportradar Group from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday, October 23rd. UBS Group downgraded shares of Sportradar Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $16.00 in a report on Wednesday, August 5th. Wells Fargo & Company set a $20.00 price objective on shares of Sportradar Group in a research report on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of Sportradar Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in shares of Sportradar Group by 6.1% during the first quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock worth $274,000 after buying an additional 937 shares during the last quarter. Squarepoint Ops LLC raised its stake in Sportradar Group by 3.2% during the 2nd quarter. Squarepoint Ops LLC now owns 30,518 shares of the company’s stock valued at $457,000 after acquiring an additional 958 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Sportradar Group by 3.8% during the 1st quarter. Glenmede Trust Co. NA now owns 26,470 shares of the company’s stock valued at $443,000 after acquiring an additional 970 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in Sportradar Group by 29.0% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 16,814 shares of the company’s stock worth $281,000 after acquiring an additional 3,781 shares during the period. Finally, Allied Private Wealth LLC acquired a new stake in Sportradar Group during the 2nd quarter worth approximately $61,000.

Sportradar Group Trading Down 1.6%

SRAD opened at $12.03 on Monday. The firm has a market cap of $3.60 billion, a P/E ratio of 200.53 and a beta of 1.59. Sportradar Group has a 12 month low of $11.39 and a 12 month high of $26.35. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $12.49 and a 200 day moving average of $14.98.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $431.19 million during the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. As a group, research analysts forecast that Sportradar Group will post 0.21 EPS for the current year.

About Sportradar Group

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.