Sportradar Group AG (NASDAQ:SRAD) Receives $24.67 Consensus PT from Brokerages

Sportradar Group AG (NASDAQ:SRAD) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.67.

Several analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. Canaccord Genuity Group raised their price target on shares of Sportradar Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Needham & Company LLC boosted their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Guggenheim initiated coverage on Sportradar Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $27.00 target price for the company. Finally, Citigroup boosted their price target on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Greenhouse Funds LLLP lifted its holdings in Sportradar Group by 2.0% during the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock worth $170,868,000 after buying an additional 193,962 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after purchasing an additional 463,441 shares during the last quarter. Unisphere Establishment acquired a new position in Sportradar Group in the fourth quarter worth $51,596,000. Granahan Investment Management LLC increased its stake in Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after purchasing an additional 454,826 shares during the period.

Sportradar Group Trading Up 0.5 %

NASDAQ SRAD opened at $21.73 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group has a one year low of $9.17 and a one year high of $23.60. The company’s 50 day moving average price is $21.36 and its 200 day moving average price is $17.51. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 108.66, a PEG ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data 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 analyst estimates of $294.60 million. On average, sell-side analysts predict that Sportradar Group will post 0.15 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.