Sportradar Group (SRAD) Projected to Post Earnings on Wednesday

Sportradar Group (NASDAQ:SRAD) is anticipated to announce its Q1 2025 earnings results before the market opens on Wednesday, May 21st. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Sportradar Group has set its FY 2025 guidance at EPS.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sportradar Group’s revenue was up 17.0% on a year-over-year basis. On average, analysts expect Sportradar Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sportradar Group Trading Up 1.7%

NASDAQ:SRAD opened at $23.98 on Monday. 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 firm has a 50-day moving average of $22.44 and a 200-day moving average of $20.05. The company has a market cap of $26.68 billion, a PE ratio of 119.91, a PEG ratio of 1.53 and a beta of 2.08. Sportradar Group has a one year low of $9.94 and a one year high of $25.85.

Analyst Ratings Changes

Several equities research analysts have recently commented on SRAD shares. Bank of America raised shares of Sportradar Group from an “underperform” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, April 22nd. Morgan Stanley upped their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Jefferies Financial Group upped their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Institutional Trading of Sportradar Group

A hedge fund recently bought a new stake in Sportradar Group stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,521 shares of the company’s stock, valued at approximately $573,000.

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.