Sportradar Group (NASDAQ:SRAD) Sets New 1-Year Low – Here’s What Happened

Sportradar Group AG (NASDAQ:SRAD)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $18.00 and last traded at $18.36, with a volume of 2234178 shares traded. The stock had previously closed at $18.62.

Wall Street Analyst Weigh In

SRAD has been the topic of a number of research reports. UBS Group reduced their price target on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Zacks Research downgraded Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. Finally, Citizens Jmp lowered their target price on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average target price of $31.47.

Sportradar Group Trading Down 1.7%

The firm has a market capitalization of $5.48 billion, a P/E ratio of 57.19 and a beta of 2.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50 day moving average price of $22.12 and a two-hundred day moving average price of $26.21.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $342.71 million for the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.Sportradar Group’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, equities research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently bought and sold shares of the business. Cresset Asset Management LLC lifted its position in shares of Sportradar Group by 2.1% in the second quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock worth $526,000 after buying an additional 394 shares during the last quarter. Mindset Wealth Management LLC raised its stake in shares of Sportradar Group by 5.5% in the 3rd quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock valued at $242,000 after acquiring an additional 466 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Sportradar Group by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock worth $260,000 after purchasing an additional 489 shares during the period. Loomis Sayles & Co. L P grew its holdings in Sportradar Group by 29.4% during the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after purchasing an additional 801 shares during the last quarter. Finally, ORG Partners LLC raised its position in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 962 shares during the period.

Sportradar Group Company Profile

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.