Jefferies Financial Group Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $11.00

Sportradar Group (NASDAQ:SRAD) had its target price cut by Jefferies Financial Group from $13.00 to $11.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research analysts have also recently commented on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $15.00 target price on shares of Sportradar Group in a research report on Wednesday, March 20th. JPMorgan Chase & Co. upped their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an overweight rating in a research report on Thursday, March 21st. Citigroup upped their target price on shares of Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday, March 22nd. Morgan Stanley upped their target price on shares of Sportradar Group from $11.00 to $11.50 and gave the company an equal weight rating in a research report on Tuesday, April 9th. Finally, Canaccord Genuity Group reiterated a buy rating and set a $16.00 price target on shares of Sportradar Group in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $13.67.

Sportradar Group Trading Down 2.8 %

Shares of SRAD stock opened at $9.70 on Tuesday. The company’s 50-day moving average price is $10.53 and its 200-day moving average price is $10.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 80.79 and a beta of 1.97. Sportradar Group has a twelve month low of $8.08 and a twelve month high of $15.56.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The firm had revenue of $271.98 million for the quarter, compared to analysts’ expectations of $267.36 million. As a group, equities analysts predict that Sportradar Group will post 0.3 earnings per share for the current year.

Institutional Trading of Sportradar Group

A number of large investors have recently made changes to their positions in the company. Federated Hermes Inc. increased its stake in shares of Sportradar Group by 19.5% during the third quarter. Federated Hermes Inc. now owns 5,013,112 shares of the company’s stock worth $50,181,000 after buying an additional 819,078 shares during the period. 12 West Capital Management LP increased its stake in shares of Sportradar Group by 33.4% during the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock worth $36,419,000 after buying an additional 909,933 shares during the period. Durable Capital Partners LP increased its stake in shares of Sportradar Group by 46.0% during the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock worth $54,967,000 after buying an additional 1,040,085 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Sportradar Group during the first quarter worth approximately $32,918,000. Finally, Millennium Management LLC increased its stake in shares of Sportradar Group by 46.1% during the fourth quarter. Millennium Management LLC now owns 845,451 shares of the company’s stock worth $8,421,000 after buying an additional 266,888 shares during the period.

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.