Sportradar Group (NASDAQ:SRAD) Now Covered by Wells Fargo & Company

Investment analysts at Wells Fargo & Company assumed coverage on shares of Sportradar Group (NASDAQ:SRAD) in a research note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $30.00 price target on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 37.55% from the company’s previous close.

SRAD has been the subject of a number of other research reports. JMP Securities lifted their price target on Sportradar Group from $30.00 to $36.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd. Roth Capital assumed coverage on Sportradar Group in a report on Friday, September 12th. They set a “buy” rating and a $40.00 price target for the company. Morgan Stanley increased their price target on Sportradar Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC raised their price objective on Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus price target of $31.78.

Sportradar Group Stock Performance

Shares of SRAD opened at $21.81 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $27.06. Sportradar Group has a 12 month low of $16.27 and a 12 month high of $32.22. The stock has a market capitalization of $6.53 billion, a P/E ratio of 60.58 and a beta of 2.01.

Sportradar Group (NASDAQ:SRAD) last posted 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). Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The business had revenue of $342.71 million during the quarter, compared to the consensus estimate of $295.04 million. During the same period last year, the business posted $0.11 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Sportradar Group will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently bought and sold shares of SRAD. Massachusetts Financial Services Co. MA purchased a new stake in Sportradar Group in the 2nd quarter worth about $123,087,000. Invesco Ltd. raised its stake in Sportradar Group by 536.7% in the second quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock valued at $83,477,000 after purchasing an additional 2,505,890 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Sportradar Group during the 1st quarter valued at $48,596,000. Bank of America Corp DE lifted its position in Sportradar Group by 491.6% in the 3rd quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock worth $46,495,000 after buying an additional 1,436,263 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Sportradar Group by 76.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock worth $77,668,000 after purchasing an additional 1,196,197 shares during the last quarter.

About Sportradar Group

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.