Sportradar Group AG (NASDAQ:SRAD – Get Free Report)’s stock price passed above its 50-day moving average during trading on Monday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock has a 50-day moving average of $12.55 and traded as high as $12.72. Sportradar Group shares last traded at $12.60, with a volume of 3,682,212 shares trading hands.
A number of other equities research analysts also recently commented on the stock. Citizens Jmp lowered their price target on shares of Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating for the company in a report on Tuesday, August 4th. Guggenheim reduced their price objective on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Wells Fargo & Company set a $20.00 target price on shares of Sportradar Group in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of Sportradar Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Stifel Nicolaus reduced their price target on Sportradar Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.03.
Read Our Latest Research Report on Sportradar Group
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Spruce House Investment Management LLC acquired a new position in shares of Sportradar Group during the 1st quarter valued at $46,035,000. The Manufacturers Life Insurance Company increased its holdings in Sportradar Group by 963.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after purchasing an additional 2,231,810 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Sportradar Group in the 2nd quarter valued at $32,811,000. Stephens Investment Management Group LLC raised its position in Sportradar Group by 40.7% in the first quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock valued at $52,167,000 after purchasing an additional 901,619 shares during the period. Finally, Sellaronda Global Management LP purchased a new position in Sportradar Group in the first quarter valued at about $12,136,000.
Sportradar Group Stock Up 5.4%
The firm has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $15.15. The company has a market capitalization of $3.77 billion, a PE ratio of 210.04 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.
Sportradar Group (NASDAQ:SRAD – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share 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 during the quarter. On average, research analysts predict that Sportradar Group AG will post 0.22 EPS for the current fiscal year.
Sportradar Group Company Profile
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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