Citizens Jmp Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $34.00

Sportradar Group (NASDAQ:SRAD) had its target price reduced by Citizens Jmp from $36.00 to $34.00 in a research note issued to investors on Monday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. UBS Group reduced their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Roth Capital assumed coverage on Sportradar Group in a report on Friday, September 12th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Wells Fargo & Company assumed coverage on Sportradar Group in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.68.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD opened at $21.06 on Monday. The business has a 50-day moving average of $22.89 and a two-hundred day moving average of $26.70. The firm has a market capitalization of $6.31 billion, a PE ratio of 65.81 and a beta of 2.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. Sportradar Group has a 12 month low of $17.61 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, research analysts forecast that Sportradar Group will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC lifted its stake in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 962 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after purchasing an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Sportradar Group by 29.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after purchasing an additional 801 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Sportradar Group by 33.1% during the 2nd quarter. Huntington National Bank now owns 3,946 shares of the company’s stock valued at $111,000 after buying an additional 982 shares during the last quarter.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.