Sportradar Group (NASDAQ:SRAD) Price Target Cut to $26.00 by Analysts at Wells Fargo & Company

Sportradar Group (NASDAQ:SRAD) had its price target lowered by research analysts at Wells Fargo & Company from $30.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 30.55% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Sportradar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Citizens Jmp dropped their price target on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Monday, January 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. UBS Group decreased their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.47.

Sportradar Group Price Performance

SRAD traded up $0.07 during trading on Thursday, reaching $19.92. The stock had a trading volume of 61,633 shares, compared to its average volume of 2,183,970. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The business has a 50-day moving average of $22.42 and a 200-day moving average of $26.47. Sportradar Group has a one year low of $18.09 and a one year high of $32.22. The stock has a market cap of $5.96 billion, a PE ratio of 62.17 and a beta of 2.01.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results 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 company had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. As a group, equities research analysts anticipate that Sportradar Group will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

Institutional investors and hedge funds have recently made changes to their positions in the business. K.J. Harrison & Partners Inc purchased a new stake in shares of Sportradar Group during the 2nd quarter valued at $1,404,000. Greenhouse Funds LLLP boosted its position in Sportradar Group by 1.6% in the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after purchasing an additional 129,276 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Sportradar Group by 200.0% in the second quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock worth $2,060,000 after acquiring an additional 49,272 shares during the period. TD Asset Management Inc boosted its stake in shares of Sportradar Group by 369.0% during the 2nd quarter. TD Asset Management Inc now owns 82,094 shares of the company’s stock worth $2,305,000 after acquiring an additional 64,590 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Sportradar Group during the 2nd quarter worth approximately $19,305,000.

About Sportradar Group

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.