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

Sportradar Group (NASDAQ:SRAD) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $15.00 to $13.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.46% from the stock’s current price.

SRAD has been the topic of a number of other research reports. Freedom Capital raised Sportradar Group to a “strong-buy” rating in a research report on Monday, July 20th. Citigroup restated a “market outperform” rating on shares of Sportradar Group in a research note on Tuesday, September 8th. Truist Financial cut their price objective on Sportradar Group from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Citizens Jmp reduced their target price on Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 4th. Finally, Morgan Stanley reduced their target price on Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.34.

Sportradar Group Stock Performance

Shares of SRAD traded down $0.15 during midday trading on Tuesday, reaching $11.88. The stock had a trading volume of 382,597 shares, compared to its average volume of 2,809,480. The firm has a market cap of $3.56 billion, a PE ratio of 198.30 and a beta of 1.59. The firm has a 50 day simple moving average of $12.68 and a 200-day simple moving average of $13.92. Sportradar Group has a one year low of $11.39 and a one year high of $27.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06.

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

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently bought and sold shares of the stock. SHP Wealth Management bought a new position in shares of Sportradar Group during the fourth quarter worth approximately $86,000. Allied Private Wealth LLC acquired a new stake in Sportradar Group during the 2nd quarter worth approximately $61,000. Rockefeller Capital Management L.P. lifted its holdings in Sportradar Group by 4,969.5% during the 4th 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 last quarter. Byrne Asset Management LLC bought a new stake in Sportradar Group in the 2nd quarter valued at $176,000. Finally, Parallel Advisors LLC boosted its stake in Sportradar Group by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock valued at $274,000 after purchasing an additional 937 shares during the period.

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.