Sportradar Group (NASDAQ:SRAD) Sets New 52-Week Low After Analyst Downgrade

Sportradar Group AG (NASDAQ:SRAD) shares hit a new 52-week low during mid-day trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $28.00 to $25.00. Stifel Nicolaus currently has a buy rating on the stock. Sportradar Group traded as low as $15.42 and last traded at $15.2980, with a volume of 311513 shares traded. The stock had previously closed at $16.63.

A number of other research firms have also weighed in on SRAD. Truist Financial set a $32.00 price objective on Sportradar Group in a research note on Tuesday, March 3rd. Guggenheim reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Tuesday, March 3rd. Morgan Stanley lifted their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Institutional Trading of Sportradar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its stake in Sportradar Group by 93.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after acquiring an additional 620 shares during the period. Empowered Funds LLC purchased a new stake in Sportradar Group in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new stake in Sportradar Group in the fourth quarter worth $45,000. Tower Research Capital LLC TRC lifted its stake in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares during the period. Finally, CWM LLC lifted its stake in Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after acquiring an additional 1,880 shares during the period.

Sportradar Group Price Performance

The business has a 50 day moving average of $17.84 and a 200 day moving average of $21.55. The company has a market cap of $4.59 billion, a PE ratio of 46.24 and a beta of 1.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.36.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The business had revenue of $432.81 million during the quarter, compared to analysts’ expectations of $369.59 million. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, research analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.