Stifel Nicolaus Issues Pessimistic Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its price target dropped by analysts at Stifel Nicolaus from $28.00 to $25.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 55.61% from the stock’s previous close.

Several other research firms also recently issued reports on SRAD. Truist Financial set a $32.00 price objective on shares of Sportradar Group in a research note on Tuesday, March 3rd. Citizens Jmp reduced their price objective on Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 4th. Needham & Company LLC lowered their price target on Sportradar Group from $34.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Morgan Stanley boosted their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their price target on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Sportradar Group Stock Down 3.4%

Shares of NASDAQ:SRAD opened at $16.07 on Thursday. Sportradar Group has a fifty-two week low of $15.73 and a fifty-two week high of $32.22. The firm’s 50 day moving average price is $17.84 and its 200 day moving average price is $21.55. The company has a quick ratio of 1.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 50.07 and a beta of 1.98.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, March 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $432.81 million during the quarter, compared to analysts’ expectations of $369.59 million. Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. Sportradar Group’s revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts predict that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SRAD. Caitong International Asset Management Co. Ltd grew its position in shares of Sportradar Group by 93.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after acquiring an additional 620 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Sportradar Group during the 4th quarter valued at approximately $31,000. Tower Research Capital LLC TRC raised its position 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 valued at $46,000 after acquiring an additional 1,620 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Sportradar Group during the fourth quarter worth $45,000. Finally, CWM LLC boosted its holdings in Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares during the period.

About Sportradar Group

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.