Sportradar Group (NASDAQ:SRAD) Stock Gets Price Target Reduction from Guggenheim

by · The Markets Daily

Sportradar Group (NASDAQ:SRAD – Free Report) had its price target reduced by Guggenheim from $26.00 to $23.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other research analysts have also weighed in on SRAD. BTIG Research lowered Sportradar Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Needham & Company LLC lifted their price target on Sportradar Group from $17.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus reduced their price target on Sportradar Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Monday, October 26th. Citigroup reissued a “market outperform” rating on shares of Sportradar Group in a research note on Tuesday, September 8th. Finally, Zacks Research upgraded Sportradar Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.97.

Check Out Our Latest Stock Report on Sportradar Group

Sportradar Group Stock Down 4.4%

Shares of Sportradar Group stock traded down $0.63 on Wednesday, hitting $13.54. 1,509,970 shares of the company traded hands, compared to its average volume of 1,766,400. Sportradar Group has a 12-month low of $11.39 and a 12-month high of $24.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.05 billion, a PE ratio of 169.25 and a beta of 1.66. The company has a 50-day moving average price of $12.58 and a 200 day moving average price of $14.84.

Sportradar Group (NASDAQ:SRAD – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $410.62 million for the quarter, compared to analysts’ expectations of $405.74 million. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. Sportradar Group’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. Sell-side analysts predict that Sportradar Group will post 0.21 earnings per share for the current year.

Institutional Trading of Sportradar Group

Large investors have recently made changes to their positions in the stock. Spruce House Investment Management LLC bought a new stake in shares of Sportradar Group during the 1st quarter worth about $46,035,000. The Manufacturers Life Insurance Company boosted its position in Sportradar Group by 963.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after purchasing an additional 2,231,810 shares during the period. Assenagon Asset Management S.A. bought a new stake in Sportradar Group during the second quarter worth approximately $32,811,000. Principal Financial Group Inc. boosted its position in Sportradar Group by 34.8% during the first quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock worth $30,571,000 after purchasing an additional 471,309 shares during the period. Finally, Rice Hall James & Associates LLC grew its holdings in Sportradar Group by 38.7% during the first quarter. Rice Hall James & Associates LLC now owns 1,582,182 shares of the company’s stock valued at $26,486,000 after purchasing an additional 441,765 shares during the last quarter.

Sportradar Group Company Profile

(Get Free Report)

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.

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