Sportradar Group AG (NASDAQ:SRAD) Stock Has Average Target Price of $19.19

Shares of Sportradar Group AG (NASDAQ:SRAD – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.19.

A number of research analysts recently commented on SRAD shares. Benchmark restated a “buy” rating on shares of Sportradar Group in a research report on Friday, August 28th. Weiss Ratings cut shares of Sportradar Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Sportradar Group from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Guggenheim decreased their target price on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Finally, Citigroup restated a “market outperform” rating on shares of Sportradar Group in a research report on Tuesday, September 8th.

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Read Our Latest Analysis on SRAD

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SRAD. Allied Private Wealth LLC bought a new stake in Sportradar Group during the second quarter worth $61,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Sportradar Group by 100.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $71,000 after purchasing an additional 1,500 shares during the last quarter. SHP Wealth Management bought a new position in shares of Sportradar Group in the 4th quarter valued at $86,000. Rockefeller Capital Management L.P. raised its holdings in shares of 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 buying an additional 5,864 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Sportradar Group during the 2nd quarter worth $176,000.

Sportradar Group Price Performance

Sportradar Group stock opened at $12.08 on Thursday. The firm has a market cap of $3.62 billion, a PE ratio of 201.37 and a beta of 1.59. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $12.96 and its two-hundred day moving average price is $14.35. Sportradar Group has a one year low of $11.39 and a one year high of $27.85.

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

About Sportradar Group

(Get Free Report)

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.

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