Analysts Set Sportradar Group AG (NASDAQ:SRAD) Price Target at $13.89

Sportradar Group AG (NASDAQ:SRAD) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.89.

A number of equities research analysts have issued reports on SRAD shares. Citigroup upped their target price on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Jefferies Financial Group raised their target price on Sportradar Group from $10.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Morgan Stanley raised their target price on Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Sportradar Group in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. increased their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SRAD. State of Wyoming bought a new stake in Sportradar Group in the 2nd quarter valued at $30,000. Tower Research Capital LLC TRC raised its holdings in shares of Sportradar Group by 122.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,852 shares of the company’s stock worth $37,000 after buying an additional 1,570 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Sportradar Group during the 3rd quarter worth $61,000. Lazard Asset Management LLC acquired a new position in shares of Sportradar Group during the 4th quarter worth $64,000. Finally, Royal Bank of Canada raised its holdings in shares of Sportradar Group by 523.9% during the 4th quarter. Royal Bank of Canada now owns 7,281 shares of the company’s stock worth $81,000 after buying an additional 6,114 shares in the last quarter.

Sportradar Group Price Performance

NASDAQ SRAD opened at $10.10 on Friday. The stock’s 50-day moving average price is $10.55 and its two-hundred day moving average price is $10.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The company has a market cap of $11.23 billion, a PE ratio of 84.17 and a beta of 1.97. Sportradar Group has a 1 year low of $8.08 and a 1 year high of $15.56.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. The firm had revenue of $271.98 million for the quarter, compared to the consensus estimate of $267.36 million. On average, analysts predict that Sportradar Group will post 0.32 EPS 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.