Sportradar Group AG (NASDAQ:SRAD – Get Free Report)’s stock price was down 4.3% during trading on Thursday . The stock traded as low as $12.69 and last traded at $12.6630. 835,763 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 2,917,356 shares. The stock had previously closed at $13.23.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. UBS Group lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $16.00 in a research note on Wednesday, August 5th. Zacks Research lowered shares of Sportradar Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Needham & Company LLC cut their price objective on Sportradar Group from $23.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Freedom Capital raised Sportradar Group to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Citigroup reiterated a “market outperform” rating on shares of Sportradar Group in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.19.
View Our Latest Stock Analysis on Sportradar Group
Sportradar Group Price Performance
Sportradar Group (NASDAQ:SRAD – Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The business had revenue of $431.19 million for the quarter. As a group, analysts anticipate that Sportradar Group AG will post 0.25 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. bought a new stake in Sportradar Group in the fourth quarter worth $75,117,000. Stephens Investment Management Group LLC raised its position in shares of Sportradar Group by 40.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock worth $52,167,000 after purchasing an additional 901,619 shares during the last quarter. Spruce House Investment Management LLC purchased a new position in shares of Sportradar Group in the 1st quarter worth about $46,035,000. The Manufacturers Life Insurance Company boosted its stake in Sportradar Group by 963.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after purchasing an additional 2,231,810 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Sportradar Group in the 2nd quarter worth about $32,811,000.
About Sportradar Group
Sportradar Group AG is a global sports technology company that provides data, content and technology solutions to sports organizations, media companies, betting operators and other customers. Its services are designed to support sports coverage, audience engagement, digital platforms and sports betting operations.
The company collects, processes and distributes sports data, including live scores, statistics and related information. Its product offerings also include betting technology and odds solutions, audiovisual sports content, marketing and fan-engagement tools, and services focused on sports integrity and the detection of suspicious activity.
Sportradar serves customers across multiple regions, including Europe, North America and other international markets, covering a broad range of sports.
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