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

Sportradar Group AG (NASDAQ:SRAD)’s share price 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 changing hands. The stock had previously closed at $16.63.

A number of other equities research analysts have also recently issued reports on SRAD. The Goldman Sachs Group lowered their price objective on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. BTIG Research decreased their price target on Sportradar Group from $32.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research report on Friday, March 27th. Guggenheim reiterated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. Finally, Morgan Stanley upped their price target on Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday. One 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 stock. Based on data from MarketBeat.com, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of 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 purchasing an additional 620 shares during the last quarter. Empowered Funds LLC purchased a new stake in Sportradar Group in the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in Sportradar Group in the fourth quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted 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 buying an additional 1,620 shares in the last quarter. Finally, CWM LLC boosted 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 buying an additional 1,880 shares in the last quarter.

Sportradar Group Stock Performance

The firm has a market cap of $4.59 billion, a PE ratio of 46.24 and a beta of 1.98. The company has a 50 day simple moving average of $17.84 and a 200-day simple moving average of $21.55. 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 issued its earnings results on Wednesday, March 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). The firm had revenue of $432.81 million during the quarter, compared to analysts’ expectations of $369.59 million. Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

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.