Sportradar Group AG (NASDAQ:SRAD) Receives Average Rating of “Moderate Buy” from Brokerages

Sportradar Group AG (NASDAQ:SRAD) has been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.3125.

A number of research analysts recently weighed in on SRAD shares. BTIG Research cut Sportradar Group from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Jefferies Financial Group lowered Sportradar Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $30.00 to $14.00 in a research note on Friday, April 24th. Guggenheim cut their price objective on Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Canaccord Genuity Group reduced their price objective on Sportradar Group from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Zacks Research lowered Sportradar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its position in shares of Sportradar Group by 93.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after acquiring an additional 620 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Sportradar Group during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Sportradar Group during the 4th quarter valued at $45,000. Tower Research Capital LLC TRC boosted its position in Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the period. Finally, CWM LLC boosted its position in Sportradar Group by 316.0% during the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares during the period.

Sportradar Group Price Performance

SRAD opened at $12.86 on Wednesday. Sportradar Group has a 1 year low of $11.55 and a 1 year high of $32.22. 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 company’s 50 day simple moving average is $14.64 and its 200 day simple moving average is $15.59. The stock has a market capitalization of $3.85 billion, a PE ratio of 214.37 and a beta of 1.61.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%.The company had revenue of $431.19 million for the quarter. As a group, sell-side analysts expect that Sportradar Group will post 0.25 EPS for the current 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.