Last Updated: 17 Sep 2024
Executive Summary
Sportradar Group AG (SRAD) is a leading provider of sports data and technology platforms to the sports betting industry. The company has a strong track record of growth, with revenue increasing by 28.6% year-over-year in the most recent quarter. SRAD is also profitable, with an EBITDA margin of 34.3%. The company's shares are currently trading at $11.79, below the analyst target price of $14.94.
Company Overview
Sportradar Group AG is headquartered in St. Gallen, Switzerland. The company was founded in 2001 and has since grown to become a global leader in the sports data and technology industry. SRAD provides a wide range of products and services to its customers, including data feeds, odds comparison, and risk management tools. The company's customers include some of the world's largest sports betting operators, such as Bet365, William Hill, and Paddy Power.
Fundamental Analysis
SRAD's financial performance has been strong in recent years. The company's revenue has grown by an average of 25% per year over the past five years. SRAD is also profitable, with an EBITDA margin of 34.3%. The company's net income margin is 9.3%.
SRAD's balance sheet is also strong. The company has $290 million in cash and equivalents and no debt. SRAD's current ratio is 2.0, which indicates that the company has enough liquidity to meet its short-term obligations.
Technical Analysis
SRAD's stock price has been in a downtrend since early 2023. The stock price is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for SRAD is mixed. The company's financial performance is strong, but the stock price is in a downtrend. The RSI is also below 50, which indicates that the stock is oversold. However, the analyst target price is $14.94, which is 27% above the current price.
Long Term Outlook
The long-term outlook for SRAD is positive. The company is a leader in the sports data and technology industry, and the demand for its products and services is expected to continue to grow. SRAD is also well-positioned to benefit from the legalization of sports betting in the United States.
Analyst Recommendations
The majority of analysts have a buy rating on SRAD. The average analyst target price is $14.94, which is 27% above the current price.
