Sportradar Group (NASDAQ:SRAD) PT Lowered to $11.00

Sportradar Group (NASDAQ:SRAD) had its price target reduced by equities researchers at Jefferies Financial Group from $13.00 to $11.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 9.89% from the company’s current price.

A number of other brokerages have also issued reports on SRAD. Morgan Stanley increased their price objective on Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Sportradar Group in a research report on Wednesday, March 20th. JPMorgan Chase & Co. raised their price target on Sportradar Group from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Citigroup lifted their price objective on shares of Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.67.

Sportradar Group Stock Performance

SRAD traded down $0.09 during trading on Tuesday, reaching $10.01. 279,509 shares of the company were exchanged, compared to its average volume of 306,149. Sportradar Group has a 52 week low of $8.08 and a 52 week high of $15.56. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $10.55 and a 200 day moving average of $10.29. The stock has a market cap of $11.13 billion, a P/E ratio of 83.42 and a beta of 1.97.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $271.98 million for the quarter, compared to analysts’ expectations of $267.36 million. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. On average, sell-side analysts forecast that Sportradar Group will post 0.32 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

A number of hedge funds have recently modified their holdings of SRAD. State of Wyoming acquired a new stake in Sportradar Group during the 2nd quarter worth about $30,000. Tower Research Capital LLC TRC acquired a new position in Sportradar Group in the 4th quarter valued at approximately $32,000. Qube Research & Technologies Ltd purchased a new stake in Sportradar Group in the 3rd quarter worth approximately $61,000. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group during the 4th quarter valued at $64,000. Finally, Royal Bank of Canada grew its holdings in shares of Sportradar Group by 523.9% during the 4th quarter. Royal Bank of Canada now owns 7,281 shares of the company’s stock valued at $81,000 after acquiring an additional 6,114 shares in the last quarter.

Sportradar Group Company Profile

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.