Shares of Sportradar Group AG (NASDAQ:SRAD – Get Rating) traded down 4.6% during mid-day trading on Friday after Benchmark lowered their price target on the stock from $30.00 to $15.00. Benchmark currently has a buy rating on the stock. Sportradar Group traded as low as $8.97 and last traded at $8.97. 854 shares traded hands during trading, a decline of 100% from the average session volume of 261,469 shares. The stock had previously closed at $9.40.
A number of other research analysts have also weighed in on SRAD. Bank of America lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Monday, April 4th. UBS Group decreased their price target on shares of Sportradar Group from $28.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, March 17th. Needham & Company LLC decreased their price target on shares of Sportradar Group from $30.00 to $22.00 in a research note on Friday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Sportradar Group from $24.00 to $14.00 in a research note on Thursday. Finally, Canaccord Genuity Group decreased their price target on shares of Sportradar Group from $35.00 to $25.00 in a research note on Thursday, March 31st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $20.83.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley acquired a new stake in shares of Sportradar Group during the 3rd quarter worth approximately $80,000. Toroso Investments LLC acquired a new stake in Sportradar Group in the 1st quarter valued at approximately $174,000. Bank of America Corp DE acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $196,000. Jane Street Group LLC increased its holdings in Sportradar Group by 615.3% in the 1st quarter. Jane Street Group LLC now owns 12,367 shares of the company’s stock valued at $206,000 after purchasing an additional 14,767 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Sportradar Group in the 1st quarter valued at approximately $218,000. Institutional investors and hedge funds own 61.85% of the company’s stock.
The company has a debt-to-equity ratio of 0.58, a current ratio of 3.36 and a quick ratio of 3.36. The company’s fifty day moving average is $13.37 and its two-hundred day moving average is $15.34.
Sportradar Group (NASDAQ:SRAD – Get Rating) last posted its earnings results on Wednesday, May 18th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Equities analysts expect that Sportradar Group AG will post 0.18 earnings per share for the current fiscal year.
Sportradar Group Company Profile (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.