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

Sportradar Group AG (NASDAQ:SRAD) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $24.67.

A number of research firms have recently weighed in on SRAD. Jefferies Financial Group upped their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. JMP Securities restated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Needham & Company LLC lifted their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Finally, Benchmark raised their price objective on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 20th.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $21.98 on Friday. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $23.49. The company has a 50-day moving average price of $21.30 and a 200 day moving average price of $17.33. The company has a market cap of $24.43 billion, a P/E ratio of 109.91, a PEG ratio of 1.53 and a beta of 2.19. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

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

Institutional Investors Weigh In On Sportradar Group

Large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new position in shares of Sportradar Group in the fourth quarter worth $1,236,000. Public Employees Retirement System of Ohio acquired a new position in Sportradar Group in the 4th quarter valued at about $3,100,000. Voloridge Investment Management LLC acquired a new position in Sportradar Group in the 4th quarter valued at about $6,801,000. Two Sigma Advisers LP lifted its holdings in Sportradar Group by 659.5% in the 4th quarter. Two Sigma Advisers LP now owns 168,600 shares of the company’s stock valued at $2,924,000 after purchasing an additional 146,400 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Sportradar Group by 134.9% during the 4th quarter. Two Sigma Investments LP now owns 534,270 shares of the company’s stock worth $9,264,000 after purchasing an additional 306,788 shares during the last quarter.

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.