Sportradar Group AG (NASDAQ:SRAD – Get Free Report)’s share price dropped 4.8% on Tuesday. The stock traded as low as $11.87 and last traded at $11.8750. Approximately 682,260 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 2,904,115 shares. The stock had previously closed at $12.48.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on SRAD shares. Citizens Jmp lowered their price objective on Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 4th. Zacks Research downgraded Sportradar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Guggenheim decreased their price target on Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Truist Financial lowered their price target on Sportradar Group from $18.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Freedom Capital raised Sportradar Group to a “strong-buy” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.19.
Get Our Latest Analysis on Sportradar Group
Sportradar Group Stock Down 5.8%
Sportradar Group (NASDAQ:SRAD – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $431.19 million during the quarter. As a group, equities analysts predict that Sportradar Group AG will post 0.25 earnings per share for the current fiscal year.
Institutional Trading of Sportradar Group
A number of institutional investors and hedge funds have recently bought and sold shares of SRAD. Allied Private Wealth LLC acquired a new position in shares of Sportradar Group in the second quarter valued at approximately $61,000. Nomura Asset Management Co. Ltd. lifted its holdings in Sportradar Group by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $71,000 after buying an additional 1,500 shares in the last quarter. SHP Wealth Management acquired a new stake in Sportradar Group during the 4th quarter worth approximately $86,000. Rockefeller Capital Management L.P. boosted its position in Sportradar Group by 4,969.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company’s stock valued at $142,000 after buying an additional 5,864 shares during the period. Finally, Byrne Asset Management LLC purchased a new position in Sportradar Group in the 2nd quarter valued at approximately $176,000.
Sportradar Group Company Profile
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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