Sportradar Group AG (NASDAQ:SRAD) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Sportradar Group AG (NASDAQ:SRAD) has earned an average recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.03.

SRAD has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price objective on Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Wolfe Research started coverage on Sportradar Group in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $22.00 target price for the company. Guggenheim decreased their target price on Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. BTIG Research lowered Sportradar Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th. Finally, Zacks Research raised Sportradar Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Spruce House Investment Management LLC purchased a new position in Sportradar Group in the 1st quarter worth approximately $46,035,000. The Manufacturers Life Insurance Company raised its position in shares of Sportradar Group by 963.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after buying an additional 2,231,810 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Sportradar Group during the 2nd quarter valued at $32,811,000. Stephens Investment Management Group LLC raised its position in shares of Sportradar Group by 40.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock valued at $52,167,000 after buying an additional 901,619 shares in the last quarter. Finally, Sellaronda Global Management LP bought a new stake in shares of Sportradar Group during the 1st quarter worth $12,136,000.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $12.03 on Monday. Sportradar Group has a 12-month low of $11.39 and a 12-month high of $26.35. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 200.53 and a beta of 1.66. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $12.49 and its 200-day moving average price is $14.98.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $431.19 million for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. On average, equities analysts expect that Sportradar Group will post 0.21 earnings per share for the current fiscal year.

About Sportradar Group

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.