In Friday’s Wall Street session, Sportradar Group AG (NASDAQ:SRAD) shares traded at $22.22, up 0.23% from the previous session.
SRAD stock price is now 16.45% away from the 50-day moving average and 62.07% away from the 200-day moving average. The market capitalization of the company currently stands at $6.62B.
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With the price target enhanced from $17 to $23, Jefferies maintained Buy rating for Sportradar Group AG (NASDAQ: SRAD). On October 21, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $12 to quote $15, while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
In other news, Koerl Carsten, Officer bought 57,614 shares of the company’s stock on Aug 09 ’24. The stock was bought for $644,125 at an average price of $11.18. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Officer Koerl Carsten bought 43,150 shares of the business’s stock. A total of $479,396 was incurred on buying the stock at an average price of $11.11. A total of 43.32% of the company’s stock is owned by insiders.
During the past 12 months, Sportradar Group AG has had a low of $9.17 and a high of $22.50. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.53, and a quick ratio of 1.53. According to the stock market information, the enterprise value for the company is $24439707648, which is based on a 106.88 price-to-earnings ratio, a 1.83 price-to-earnings-growth ratio, and a beta of 2.21. The fifty day moving average price for SRAD is $19.0816 and a two-hundred day moving average price translates $13.710075 for the stock.
The latest earnings results from Sportradar Group AG (NASDAQ: SRAD) was released for 2024-09-30. The net profit margin was 5.61% and return on equity was 6.93% for SRAD. The company reported revenue of $280.59 million for the quarter, compared to $218.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.23 percent. For the current quarter, analysts expect SRAD to generate $292.76M in revenue.
