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

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.67.

SRAD has been the topic of several recent analyst reports. Canaccord Genuity Group increased their target price on Sportradar Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Benchmark increased their price objective on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, March 20th. JMP Securities restated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. Citigroup upped their price target on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Finally, Needham & Company LLC raised their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th.

Hedge Funds Weigh In On Sportradar Group

Institutional investors have recently modified their holdings of the business. National Bank of Canada FI grew its position in Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after purchasing an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE acquired a new position in Sportradar Group in the 4th quarter valued at about $39,000. Loomis Sayles & Co. L P purchased a new stake in Sportradar Group during the 4th quarter valued at approximately $43,000. Finally, R Squared Ltd acquired a new stake in Sportradar Group during the 4th quarter worth approximately $44,000.

Sportradar Group Stock Performance

Shares of SRAD opened at $21.98 on Friday. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.49. The stock has a market capitalization of $24.43 billion, a PE ratio of 109.91, a PEG ratio of 1.53 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50-day simple moving average of $21.30 and a 200-day simple moving average of $17.33.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $294.60 million. On average, analysts predict that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.