Sportradar Group (NASDAQ:SRAD) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Sportradar Group (NASDAQ:SRAD) had its price objective lowered by JPMorgan Chase & Co. from $13.00 to $12.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also commented on SRAD. UBS Group lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $16.00 in a research note on Wednesday, August 5th. Morgan Stanley dropped their target price on shares of Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Citigroup restated a “market outperform” rating on shares of Sportradar Group in a report on Tuesday, September 8th. Zacks Research upgraded shares of Sportradar Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Truist Financial upped their price target on shares of Sportradar Group from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.97.

Sportradar Group Price Performance

Shares of SRAD traded down $0.63 during trading hours on Wednesday, hitting $13.54. 1,509,970 shares of the company were exchanged, compared to its average volume of 1,766,400. The company has a market capitalization of $4.05 billion, a PE ratio of 169.25 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a fifty day simple moving average of $12.58 and a 200-day simple moving average of $14.84. Sportradar Group has a one year low of $11.39 and a one year high of $24.17.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share (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 company had revenue of $410.62 million for the quarter, compared to analyst estimates of $405.74 million. During the same period last year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, sell-side analysts predict that Sportradar Group will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Sportradar Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Allied Private Wealth LLC acquired a new position in shares of Sportradar Group in the 2nd quarter valued at about $61,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Sportradar Group by 4,969.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company’s stock worth $142,000 after purchasing an additional 5,864 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Sportradar Group during the second quarter worth approximately $176,000. Choreo LLC boosted its holdings in shares of Sportradar Group by 23.5% during the third quarter. Choreo LLC now owns 23,144 shares of the company’s stock worth $268,000 after purchasing an additional 4,403 shares during the period. Finally, Parallel Advisors LLC grew its position in Sportradar Group by 6.1% during the first quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock valued at $274,000 after purchasing 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.