Sportradar Group AG (NASDAQ:SRAD – Get Rating)’s share price dropped 3.3% during mid-day trading on Tuesday . The stock traded as low as $8.12 and last traded at $8.13. Approximately 3,523 shares were traded during trading, a decline of 99% from the average daily volume of 293,469 shares. The stock had previously closed at $8.41.
A number of analysts have recently weighed in on SRAD shares. UBS Group lowered their price target on shares of Sportradar Group from $28.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, March 17th. Canaccord Genuity Group lowered their target price on shares of Sportradar Group from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 31st. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target (down from $22.00) on shares of Sportradar Group in a research report on Thursday, May 19th. JPMorgan Chase & Co. reduced their price target on shares of Sportradar Group from $24.00 to $14.00 in a research report on Thursday, May 19th. Finally, Benchmark cut their target price on shares of Sportradar Group from $30.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 19th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and a consensus target price of $20.83.
The company has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $13.62. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.59.
Sportradar Group (NASDAQ:SRAD – Get Rating) last issued its quarterly earnings results on Wednesday, May 18th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $188.36 million for the quarter, compared to analyst estimates of $176.94 million. Sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Morgan Stanley purchased a new position in Sportradar Group in the third quarter worth $80,000. Toroso Investments LLC purchased a new position in shares of Sportradar Group in the first quarter valued at $174,000. Bank of America Corp DE purchased a new position in shares of Sportradar Group in the fourth quarter valued at $196,000. Jane Street Group LLC boosted its stake in shares of Sportradar Group by 615.3% during the first quarter. Jane Street Group LLC now owns 12,367 shares of the company’s stock valued at $206,000 after acquiring an additional 14,767 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Sportradar Group during the first quarter valued at $218,000. Hedge funds and other institutional investors own 61.85% of the company’s stock.
About Sportradar Group (NASDAQ:SRAD)
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.
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