Sportradar Group AG (NASDAQ:SRAD) Given Average Recommendation of “Moderate Buy” by Analysts

Sportradar Group AG (NASDAQ:SRAD) has been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.8824.

A number of research firms have recently commented on SRAD. Arete began coverage on Sportradar Group in a report on Wednesday, July 9th. They issued a “neutral” rating and a $31.00 price target for the company. The Goldman Sachs Group began coverage on shares of Sportradar Group in a report on Monday, July 21st. They set a “neutral” rating and a $31.00 target price on the stock. Needham & Company LLC increased their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Zacks Research lowered shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley upped their target price on Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new stake in Sportradar Group during the second quarter valued at about $123,087,000. Invesco Ltd. raised its holdings in shares of Sportradar Group by 536.7% during the 2nd quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock valued at $83,477,000 after buying an additional 2,505,890 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Sportradar Group during the 1st quarter valued at about $48,596,000. Arrowstreet Capital Limited Partnership lifted its position in Sportradar Group by 76.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock worth $77,668,000 after buying an additional 1,196,197 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new stake in Sportradar Group in the second quarter worth approximately $28,563,000.

Sportradar Group Stock Up 1.8%

Shares of NASDAQ SRAD opened at $27.50 on Thursday. The business’s fifty day moving average price is $29.04 and its 200-day moving average price is $26.75. Sportradar Group has a one year low of $12.20 and a one year high of $32.22. The stock has a market capitalization of $8.24 billion, a PE ratio of 76.39 and a beta of 2.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. The company had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate 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.