Sportradar Group (NASDAQ:SRAD – Free Report) had its price target lowered by Morgan Stanley from $15.00 to $13.50 in a research note released on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group reduced their target price on shares of Sportradar Group from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Freedom Capital upgraded shares of Sportradar Group to a “strong-buy” rating in a research note on Monday, July 20th. Citigroup reiterated a “market outperform” rating on shares of Sportradar Group in a report on Tuesday, September 8th. UBS Group cut shares of Sportradar Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $16.00 in a report on Wednesday, August 5th. Finally, Benchmark reissued a “buy” rating on shares of Sportradar Group in a research report on Friday, August 28th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.34.
Check Out Our Latest Analysis on Sportradar Group
Sportradar Group Stock Performance
Shares of SRAD opened at $11.74 on Monday. The stock has a 50-day simple moving average of $12.63 and a 200-day simple moving average of $13.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $3.52 billion, a PE ratio of 195.70 and a beta of 1.59. Sportradar Group has a 1 year low of $11.39 and a 1 year high of $27.85.
Sportradar Group (NASDAQ:SRAD – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) EPS for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. The company had revenue of $431.19 million for the quarter. On average, analysts predict that Sportradar Group will post 0.25 earnings per share for the current fiscal year.
Institutional Trading of Sportradar Group
A number of institutional investors have recently bought and sold shares of the business. Spruce House Investment Management LLC purchased a new stake in Sportradar Group during the 1st quarter worth about $46,035,000. Ashford Capital Management Inc. boosted its position in shares of Sportradar Group by 35.7% during the 1st quarter. Ashford Capital Management Inc. now owns 719,570 shares of the company’s stock worth $12,046,000 after acquiring an additional 189,290 shares in the last quarter. Headlands Technologies LLC purchased a new position in Sportradar Group in the second quarter valued at approximately $1,704,000. Principal Financial Group Inc. grew its position in shares of Sportradar Group by 34.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock valued at $30,571,000 after buying an additional 471,309 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Sportradar Group by 963.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after purchasing an additional 2,231,810 shares during the last quarter.
About Sportradar Group
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.
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