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How to Buy Sportradar Group Ag Stock

Sportradar Group Ag

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.

Sportradar Group Ag stock last closed at $11.07, up 4.34% from the previous day, and has decreased 7.29% in one year. It has underperformed other stocks in the Software - Application industry by 0.28 percentage points. Sportradar Group Ag stock is currently +37% from its 52-week low of $8.08, and -28.88% from its 52-week high of $15.57.

There are currently 1.11B shares of SRAD outstanding. The market cap of SRAD is $3.30B. In the past 24 hours, 378,866 SRAD shares were traded.

How to Buy Sportradar Group Ag Stock

Wondering how to invest in Sportradar Group Ag stock? Here's how.
  1. Choose where to buy Sportradar Group Ag stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Sportradar Group Ag stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your information.
  4. Research Sportradar Group Ag stock: The Sportradar Group Ag ticker symbol is SRAD. Is Sportradar Group Ag stock a good investment? Should you buy shares of SRAD? How do SRAD's underlying business fundamentals look? Do top analysts think Sportradar Group Ag is a good buy? Why has SRAD's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SRAD is a good stock to buy).
  5. Execute your SRAD buy order: Decide if you will purchase SRAD shares at the current market price or use a limit order to purchase SRAD stock at a given price.
  6. Monitor your SRAD investment: Create a watchlist to the latest updates on your new investment in Sportradar Group Ag stock.

Step 1: Choose where to buy Sportradar Group Ag stock

You need an online brokerage account in order to access the NASDAQ market and buy SRAD stock.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen the best brokerage, you'll need to fill out some personal details so you can buy SRAD today.

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Step 3: Deposit funds into your brokerage account

Now that you have created your account on stock apps to use, your next step is to transfer the money for your investment:

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Step 4: Research Sportradar Group Ag stock

Once you have figured out the best place to buy Sportradar Group Ag stock, it's absolutely critical to analyze their stock before you buy, so you actually comprehend the risk as well as the upside.

Overview of key SRAD info

SRAD Price
$11.07
1w %
2.12%
1y %
-7.29%
5y %
N/A
P/E
102.5x
P/B
3.53x
P/S
3.29x
PEG
2.04x
Revenue
$1.01B
Earnings
$29.31M
Fore. Rev. Growth
13.34%
Fore. Earn. Growth
55.9%
Market Cap
$3.30B
Next Earnings
N/A
Next Dividend
N/A

SRAD Due Diligence Checks

WallStreetZen was created to help average investors do better fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on SRAD's stock page.

What is the fair value of SRAD stock?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge SRAD's intrinsic value.

Using relative valuations metrics:

  • SRAD could be overvalued based on its P/E ratio of 102.5x, relative to Software - Application industry P/E ratio of 23.8x
  • SRAD could be undervalued based on its P/B ratio of 3.53x, relative to Software - Application industry P/B ratio of 6.28x
  • SRAD could be overvalued based on its PEG ratio of 2.04x

You can access more valuation analysis on SRAD's stock here.

SRAD Financial Health

Passed Health Checks:

  • SRAD profit margin has gone up from 1.2% to 2.9% in the past year.
  • There are more short-term assets than short-term liabilities on the SRAD balance sheet.
  • SRAD's operating cash flow of $288.58M allows it to safely service it's debt of $52.09M.

Failed Health Checks:

  • There are more long-term liabilities than short-term assets on the SRAD balance sheet.
  • SRAD has a relatively high debt to equity ratio of 1.57.
  • SRAD earnings of $90.58M is not enough to cover its interest payments.

Do analysts think it's a good time to buy Sportradar Group Ag stock

Out of 7 sell side analysts who track SRAD, the consensus analyst rating on SRAD is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Latest SRAD Analyst Recommendations

Jason Bazinet, a top 16% analyst from Citigroup maintains SRAD with a strong buy rating and raises their SRAD price target from $15.00 to $17.00, on Mar 22, 2024.

Citigroup's Jason Bazinet raised their price target on Sportradar Group Ag (NASDAQ: SRAD) by 13.3% from $15 to $17 on 2024/03/22. The analyst maintained their Strong Buy rating on the stock.

In an assessment of Sportradar Group Ag's 2023/03/20-dated Q4 and FY 2023 earnings report, current currency rates, and Citigroup's most recent outlook, Bazinet said they made "necessary" updates to their model.

Earnings Report

Sportradar Group Ag reported:

For Q4 2023:

  • EPS of $0.08, which beat the Zacks Consensus Estimate of $0.06 and, by 172.7%, Q4 2022’s $(0.11).
  • Revenue of $271.98M (€252.6M), which beat the Zacks Consensus Estimate by 1.73% and, by 29.10%, Q4 2022’s $210.64M ($206.3M).
  • EBITDA of €39.5M, up 13% Y/Y.
  • EBITDA margin of 16%.

For FY 2023:

  • EPS of $0.12, up 200% Y/Y.
  • Revenue of €877.62M, up 20.2% Y/Y.
  • EBITDA of €166.8M, up 33% Y/Y.
  • EBITDA margin of 19%, up 177 bps Y/Y.

For FY 2024, using a Euro to USD exchange rate of 1.07, management guided:

  • Revenue of $1.10B (€1.05B).
  • EBITDA of $210M (€200M).
  • EBITDA margin of 19%.

CEO Carsten Koerl commented: “2023 was another dynamic and successful year for the company, delivering our 3rd consecutive year of more than 20% revenue growth, improved profitability, and margin expansion. 

“We are pleased with our growth momentum, fueled by our best-in-class content portfolio, innovative product roadmap, and technology capabilities.  

“For 2024, we plan to continue to scale our business globally, targeting at least 20% growth in revenue and adjusted EBITDA. 

“Given our market leadership and confidence in the company's long-term profitability and cashflow outlook, we have authorized a $200M share buyback program. 

“We remain laser-focused on disciplined execution of our growth strategy and delivering tremendous value to our clients and shareholders.”

Michael Graham, a bottom 6% analyst from Canaccord Genuity reiterates SRAD with a strong buy rating and maintains their SRAD price target from $16.00 to $16.00, on Mar 21, 2024.

David Karnovsky, a top 20% analyst from JP Morgan maintains SRAD with a strong buy rating and raises their SRAD price target from $12.00 to $13.00, on Mar 21, 2024.

You can dig deeper into what analysts are projecting on the Sportradar Group Ag stock forecast page.

SRAD Technicals

SMA10
0.04
SMA20
0.05
SMA50
0.06
SMA100
0.05
SMA200
0.07
MACD
0
MACD Signal
0
MACD Histogram
0
RSI
48.75
Stochastic %K
31.25
Stochastic %D
15.62
StochRSI %K
47.82
StochRSI %D
33.18

SRAD Growth Metrics

Last year, SRAD earnings were $29.31M. In the past 1 years, SRAD's earnings have grown by 230.3% per year. This was faster than the Software - Application industry average of 18.55%.

Last year, SRAD revenue was $1.01B. Over the last three year, SRAD's revenue has grown by 101.3% per year. This was faster than the Software - Application industry average of 30.29%.

You can analyze SRAD's earnings and revenue performance here.

Are SRAD executives and large shareholders buying or selling the stock?

In the past 12 months, executives and large shareholders at SRAD have not bought or sold any shares.

Learn more about who owns SRAD shares here.

Can I get consistent income from SRAD stock?

No, Sportradar Group Ag doesn't provide an income stream by paying out dividends.

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Step 5: Execute your SRAD buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, use a limit order.

Press the Open button and your broker will place your order.

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Step 6: Monitor your SRAD investment

Now that you own some SRAD stock, you'll want to keep up with your shares.

Add SRAD to a watchlist to get notified of the latest news about your SRAD stock.

SRAD Feed

How to Buy Stock in Sportradar Group Ag

To reiterate, here are the 6 steps to buy Sportradar Group Ag stock:

  1. Choose where to buy Sportradar Group Ag stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Sportradar Group Ag stock
  5. Execute your SRAD buy order
  6. Monitor your SRAD investment

If you need a place to buy stocks, eToro is our favorite option.

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If you would like to get updates on your investment in Sportradar Group Ag, create your watchlist below.

NASDAQ: SRAD
$11.07+0.46 (+4.34%)
Updated Jun 21, 2024
Open eToro Account
NASDAQ: SRAD
$11.07+0.46 (+4.34%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sportradar Group Ag share?

As of Jun 21, 2024, it costs $11.07 to buy one share of Sportradar Group Ag stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.452 shares of SRAD.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Sportradar Group Ag stock?

According to 7 Wall Street analysts who monitor Sportradar Group Ag, their consensus recommendation is to buy Sportradar Group Ag stock.

What is the best way to buy Sportradar Group Ag stock?

One way to place an order for Sportradar Group Ag stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.