Sportradar Group AG (NASDAQ:SRAD) Receives $24.67 Average Target Price from Analysts

Sportradar Group AG (NASDAQ:SRAD) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.00.

Several equities analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group raised their target price on Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Guggenheim restated a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Thursday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SRAD. National Bank of Canada FI raised its position in Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after purchasing an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the 4th quarter worth about $28,000. US Bancorp DE bought a new stake in Sportradar Group during the 4th quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new stake in Sportradar Group in the 3rd quarter valued at about $41,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Sportradar Group in the fourth quarter worth about $43,000.

Sportradar Group Trading Down 4.1 %

NASDAQ:SRAD opened at $20.32 on Friday. Sportradar Group has a 1 year low of $9.17 and a 1 year high of $23.60. The business has a fifty day moving average of $21.39 and a 200-day moving average of $17.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of 101.61, a PEG ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Equities analysts predict that Sportradar Group will post 0.15 earnings per share for the current year.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.