Equities Analysts Issue Forecasts for Sportradar Group AG’s Q1 2023 Earnings (NASDAQ:SRAD)

Sportradar Group AG (NASDAQ:SRAD – Get Rating) – Analysts at Jefferies Financial Group increased their Q1 2023 earnings per share estimates for Sportradar Group in a research report issued on Wednesday, March 15th. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings per share of $0.03 for the quarter, up from their prior forecast of $0.02. Jefferies Financial Group currently has a “Hold” rating and a $11.00 target price on the stock. The consensus estimate for Sportradar Group’s current full-year earnings is $0.21 per share. Jefferies Financial Group also issued estimates for Sportradar Group’s Q2 2023 earnings at $0.03 EPS.

Other analysts also recently issued reports about the company. Morgan Stanley decreased their price target on Sportradar Group from $11.50 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on Sportradar Group from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday. TheStreet raised Sportradar Group from a “d+” rating to a “c-” rating in a research report on Wednesday, January 25th. Deutsche Bank Aktiengesellschaft decreased their price target on Sportradar Group from $14.00 to $13.00 in a research report on Thursday. Finally, UBS Group boosted their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus price target of $16.25.

Sportradar Group Stock Performance

Shares of SRAD opened at $10.29 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 205.84 and a beta of 1.99. The stock has a 50 day moving average of $11.91 and a 200 day moving average of $10.58. Sportradar Group has a 12 month low of $7.10 and a 12 month high of $17.45.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Sportradar Group by 37.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,080,175 shares of the company’s stock worth $40,639,000 after buying an additional 1,116,279 shares in the last quarter. Spruce House Investment Management LLC lifted its holdings in shares of Sportradar Group by 40.0% in the second quarter. Spruce House Investment Management LLC now owns 3,500,000 shares of the company’s stock worth $27,650,000 after buying an additional 1,000,000 shares in the last quarter. Durable Capital Partners LP lifted its holdings in shares of Sportradar Group by 46.0% in the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock worth $54,967,000 after buying an additional 1,040,085 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Sportradar Group by 42.5% in the first quarter. Federated Hermes Inc. now owns 2,785,700 shares of the company’s stock worth $46,354,000 after buying an additional 830,887 shares in the last quarter. Finally, Security Benefit Life Insurance Co. KS purchased a new stake in shares of Sportradar Group in the fourth quarter worth about $27,667,000. 15.07% of the stock is owned by hedge funds and other institutional investors.

About Sportradar Group

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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.