Sportradar Group (NASDAQ:SRAD) Price Target Cut to $11.00 by Analysts at Jefferies Financial Group

Sportradar Group (NASDAQ:SRAD) had its price objective cut by Jefferies Financial Group from $13.00 to $11.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley boosted their target price on Sportradar Group from $11.00 to $11.50 and gave the stock an equal weight rating in a research report on Tuesday, April 9th. Needham & Company LLC reaffirmed a buy rating and set a $15.00 price target on shares of Sportradar Group in a research report on Wednesday, March 20th. Canaccord Genuity Group reaffirmed a buy rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, March 21st. Citigroup upped their price target on shares of Sportradar Group from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the company an overweight rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Sportradar Group has a consensus rating of Moderate Buy and a consensus price target of $13.67.

Sportradar Group Stock Performance

NASDAQ:SRAD traded down $0.13 during mid-day trading on Tuesday, reaching $9.97. The company’s stock had a trading volume of 403,402 shares, compared to its average volume of 307,621. Sportradar Group has a 12-month low of $8.08 and a 12-month high of $15.56. The firm’s fifty day moving average price is $10.55 and its two-hundred day moving average price is $10.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The stock has a market cap of $11.08 billion, a P/E ratio of 83.42 and a beta of 1.97.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. The business had revenue of $271.98 million during the quarter, compared to analyst estimates of $267.36 million. On average, equities analysts forecast 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 the company. Geode Capital Management LLC increased its holdings in Sportradar Group by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 174,584 shares of the company’s stock worth $1,738,000 after acquiring an additional 990 shares in the last quarter. BlackRock Inc. increased its holdings in Sportradar Group by 13.8% in the 2nd quarter. BlackRock Inc. now owns 9,715 shares of the company’s stock worth $125,000 after acquiring an additional 1,178 shares in the last quarter. Truist Financial Corp increased its holdings in Sportradar Group by 4.3% in the 4th quarter. Truist Financial Corp now owns 33,298 shares of the company’s stock worth $368,000 after acquiring an additional 1,373 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Sportradar Group by 122.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,852 shares of the company’s stock worth $37,000 after purchasing an additional 1,570 shares during the period. Finally, Invesco Ltd. boosted its stake in Sportradar Group by 4.5% in the 3rd quarter. Invesco Ltd. now owns 39,143 shares of the company’s stock worth $392,000 after purchasing an additional 1,682 shares during the period.

About Sportradar Group

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.