Sportradar Group AG (NASDAQ:SRAD) Receives Average Recommendation of “Buy” from Analysts

Shares of Sportradar Group AG (NASDAQ:SRADGet Rating) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $20.27.

A number of research analysts have issued reports on SRAD shares. Canaccord Genuity Group decreased their target price on Sportradar Group from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Bank of America lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Monday, April 4th. UBS Group lowered their price objective on shares of Sportradar Group from $28.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, March 17th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price (down previously from $22.00) on shares of Sportradar Group in a research report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Sportradar Group from $20.00 to $13.00 in a report on Thursday, May 19th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley bought a new position in Sportradar Group during the 3rd quarter worth $80,000. Toroso Investments LLC bought a new position in shares of Sportradar Group during the first quarter worth about $174,000. Bank of America Corp DE acquired a new position in shares of Sportradar Group in the fourth quarter worth approximately $196,000. Jane Street Group LLC boosted its holdings in Sportradar Group by 615.3% in the first quarter. Jane Street Group LLC now owns 12,367 shares of the company’s stock valued at $206,000 after acquiring an additional 14,767 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Sportradar Group in the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 61.85% of the company’s stock.

Shares of NASDAQ:SRAD opened at $8.41 on Friday. Sportradar Group has a 1 year low of $7.71 and a 1 year high of $28.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.15 and a quick ratio of 3.15. The company’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $13.70.

Sportradar Group (NASDAQ:SRADGet Rating) last issued its earnings results on Wednesday, May 18th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $188.36 million during the quarter, compared to analyst estimates of $176.94 million. Equities analysts anticipate that Sportradar Group will post 0.15 EPS for the current year.

Sportradar Group Company Profile (Get Rating)

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.

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Analyst Recommendations for Sportradar Group (NASDAQ:SRAD)

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