Sportradar Group (NASDAQ:SRAD – Get Free Report) had its price objective reduced by research analysts at Stifel Nicolaus from $21.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 40.13% from the stock’s current price.
SRAD has been the subject of several other research reports. Citizens Jmp reduced their target price on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating for the company in a report on Wednesday, July 8th. Morgan Stanley boosted their price target on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Zacks Research downgraded shares of Sportradar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a report on Friday, March 27th. Finally, Freedom Capital upgraded Sportradar Group to a “strong-buy” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average price target of $22.60.
Check Out Our Latest Stock Report on Sportradar Group
Sportradar Group Stock Down 2.8%
Sportradar Group (NASDAQ:SRAD – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The firm had revenue of $401.11 million for the quarter, compared to analyst estimates of $417.86 million. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The company’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. As a group, analysts expect that Sportradar Group will post 0.4 EPS for the current fiscal year.
Insider Activity
In other news, Director William Kurtz purchased 8,000 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $12.97 per share, for a total transaction of $103,760.00. Following the completion of the purchase, the director directly owned 30,179 shares in the company, valued at $391,421.63. The trade was a 36.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deirdre Mary Bigley acquired 3,940 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $12.57 per share, with a total value of $49,525.80. Following the transaction, the director owned 13,897 shares in the company, valued at approximately $174,685.29. This trade represents a 39.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 357,893 shares of company stock valued at $4,668,220. 85.02% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Sportradar Group
Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in Sportradar Group by 93.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after buying an additional 620 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $31,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 1,620 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Sportradar Group during the 4th quarter worth approximately $45,000. Finally, CWM LLC increased its holdings in shares of 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 acquiring an additional 1,880 shares during the last quarter.
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.
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