Sportradar Group AG (NASDAQ:SRAD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $27.00.

A number of equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a research report on Wednesday, April 2nd. BTIG Research assumed coverage on Sportradar Group in a report on Friday, April 11th. They set a “buy” rating and a $28.00 price objective for the company. UBS Group increased their price objective on Sportradar Group from $24.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Morgan Stanley increased their price objective on Sportradar Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. Finally, Citigroup increased their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th.

Sportradar Group Trading Up 0.2 %

NASDAQ SRAD opened at $22.50 on Thursday. The firm has a market cap of $25.04 billion, a P/E ratio of 112.51, a P/E/G ratio of 1.53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s 50-day moving average is $21.82 and its 200-day moving average is $18.99. Sportradar Group has a one year low of $9.17 and a one year high of $25.85.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The business had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. Sell-side analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI raised its position in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new position in Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE bought a new position in Sportradar Group during the fourth quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new stake in Sportradar Group during the fourth quarter worth about $43,000. Finally, R Squared Ltd acquired a new stake in Sportradar Group during the fourth quarter worth about $44,000.

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.