Sportradar Group (NASDAQ:SRAD) PT Lowered to $11.00 at Jefferies Financial Group

Sportradar Group (NASDAQ:SRAD) had its price target decreased by Jefferies Financial Group from $13.00 to $11.00 in a report released on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

SRAD has been the topic of several other reports. Citigroup increased their price objective on shares of Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a report on Friday, March 22nd. Canaccord Genuity Group reaffirmed a buy rating and set a $16.00 price objective on shares of Sportradar Group in a report on Thursday, March 21st. Morgan Stanley raised their price target on shares of Sportradar Group from $11.00 to $11.50 and gave the stock an equal weight rating in a research note on Tuesday, April 9th. Needham & Company LLC reissued a buy rating and issued a $15.00 price target on shares of Sportradar Group in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an overweight rating in a research note on Thursday, March 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $13.67.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD traded down $0.13 during midday trading on Tuesday, reaching $9.97. 403,402 shares of the company’s stock traded hands, compared to its average volume of 307,621. The company has a market cap of $11.08 billion, a P/E ratio of 83.42 and a beta of 1.97. The company has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. Sportradar Group has a 1 year low of $8.08 and a 1 year high of $15.56.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $271.98 million for the quarter, compared to the consensus estimate of $267.36 million. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. Equities analysts predict that Sportradar Group will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRAD. Goldman Sachs Group Inc. acquired a new position in shares of Sportradar Group in the 4th quarter valued at $207,000. Aurora Investment Counsel acquired a new position in Sportradar Group in the fourth quarter valued at about $1,372,000. Royal Bank of Canada boosted its stake in Sportradar Group by 523.9% during the fourth quarter. Royal Bank of Canada now owns 7,281 shares of the company’s stock worth $81,000 after buying an additional 6,114 shares during the period. Nebula Research & Development LLC increased its position in shares of Sportradar Group by 20.5% during the fourth quarter. Nebula Research & Development LLC now owns 38,973 shares of the company’s stock valued at $431,000 after acquiring an additional 6,631 shares during the last quarter. Finally, Cresset Asset Management LLC increased its position in shares of Sportradar Group by 177.0% during the fourth quarter. Cresset Asset Management LLC now owns 28,195 shares of the company’s stock valued at $312,000 after acquiring an additional 18,015 shares during the last quarter.

Sportradar Group Company Profile

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.