Sportradar Group (NASDAQ:SRAD) Now Covered by Stifel Nicolaus

by · The Cerbat Gem

Investment analysts at Stifel Nicolaus started coverage on shares of Sportradar Group (NASDAQ:SRAD – Get Free Report) in a research note issued on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 53.42% from the company’s current price.

A number of other analysts have also recently issued reports on SRAD. Benchmark restated a “buy” rating on shares of Sportradar Group in a research note on Wednesday. Citizens Jmp decreased their price target on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, January 5th. UBS Group cut their target price on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Zacks Research cut Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.30.

Get Our Latest Report on SRAD

Sportradar Group Trading Down 2.0%

NASDAQ SRAD opened at $18.25 on Thursday. Sportradar Group has a 52 week low of $18.00 and a 52 week high of $32.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50 day moving average price is $22.02 and its two-hundred day moving average price is $26.15. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 57.03 and a beta of 2.01.

Sportradar Group (NASDAQ:SRAD – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. Sportradar Group’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. As a group, analysts anticipate that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sportradar Group during the first quarter valued at $573,000. Goldman Sachs Group Inc. boosted its holdings in Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after acquiring an additional 388,769 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Sportradar Group by 161.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 467,918 shares of the company’s stock valued at $13,139,000 after purchasing an additional 289,148 shares during the period. TD Private Client Wealth LLC increased its position in shares of Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after acquiring an additional 1,529 shares in the last quarter. Finally, TB Alternative Assets Ltd. acquired a new position in Sportradar Group during the 2nd quarter valued at about $7,884,000.

Sportradar Group Company Profile

(Get Free Report)

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.

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