Sportradar Group AG (NASDAQ:SRAD – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.67.
Several brokerages have recently issued reports on SRAD. Citigroup lifted their price target on 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 lifted their target price on Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Sportradar Group in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their target price on Sportradar Group from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Thursday, March 21st.
View Our Latest Stock Analysis on Sportradar Group
Institutional Investors Weigh In On Sportradar Group
Sportradar Group Stock Down 1.0 %
Shares of SRAD stock opened at $9.26 on Thursday. Sportradar Group has a 1 year low of $8.08 and a 1 year high of $15.56. The stock has a market cap of $10.29 billion, a PE ratio of 77.17 and a beta of 2.02. The business’s fifty day moving average is $10.36 and its 200-day moving average is $10.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26.
Sportradar Group (NASDAQ:SRAD – Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. The company had revenue of $271.98 million for the quarter, compared to analysts’ expectations of $267.36 million. Equities analysts expect that Sportradar Group will post 0.3 earnings per share for the current fiscal year.
Sportradar Group Company Profile
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.
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