Sportradar Group AG (NASDAQ:SRAD) Receives $20.41 Consensus Price Target from Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have been given an average rating of “Moderate Buy” by the twenty analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.1875.

A number of analysts have commented on the company. Canaccord Genuity Group decreased their target price on Sportradar Group from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Guggenheim dropped their price target on Sportradar Group from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. BTIG Research downgraded Sportradar Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th. Wolfe Research assumed coverage on shares of Sportradar Group in a research report on Wednesday, September 2nd. They issued an “outperform” rating and a $22.00 price objective on the stock. Finally, Freedom Capital raised shares of Sportradar Group to a “strong-buy” rating in a research note on Monday, July 20th.

Sportradar Group Price Performance

SRAD stock opened at $12.91 on Friday. The firm has a 50 day moving average of $13.76 and a 200-day moving average of $15.03. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 215.20 and a beta of 1.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. Sportradar Group has a 12-month low of $11.55 and a 12-month high of $31.18.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%.The firm had revenue of $431.19 million during the quarter. As a group, equities analysts expect that Sportradar Group will post 0.25 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Sportradar Group in the second quarter valued at approximately $560,000. Squarepoint Ops LLC raised its position in shares of Sportradar Group by 3.2% during the 2nd quarter. Squarepoint Ops LLC now owns 30,518 shares of the company’s stock worth $457,000 after purchasing an additional 958 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Sportradar Group during the 2nd quarter worth approximately $1,704,000. Allied Private Wealth LLC acquired a new position in shares of Sportradar Group during the 2nd quarter worth approximately $61,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Sportradar Group in the 2nd quarter valued at approximately $32,811,000.

About Sportradar Group

Sportradar Group AG is a global sports technology company that provides data, content and technology solutions to sports organizations, media companies, betting operators and other customers. Its services are designed to support sports coverage, audience engagement, digital platforms and sports betting operations.

The company collects, processes and distributes sports data, including live scores, statistics and related information. Its product offerings also include betting technology and odds solutions, audiovisual sports content, marketing and fan-engagement tools, and services focused on sports integrity and the detection of suspicious activity.

Sportradar serves customers across multiple regions, including Europe, North America and other international markets, covering a broad range of sports.