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

Sportradar Group AG (NASDAQ:SRAD) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $17.83 and last traded at $18.14, with a volume of 2440733 shares trading hands. The stock had previously closed at $18.16.

Wall Street Analyst Weigh In

SRAD has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. UBS Group decreased their price objective on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Arete Research raised Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Citizens Jmp lowered their price target 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. Finally, Benchmark reissued a “buy” rating on shares of Sportradar Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.70.

Sportradar Group Price Performance

The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 58.06 and a beta of 2.01. The company’s 50-day simple moving average is $21.65 and its 200-day simple moving average is $25.79. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36.

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

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new position in Sportradar Group during the second quarter worth about $123,087,000. Invesco Ltd. increased its holdings in shares of Sportradar Group by 536.7% during the second quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock worth $83,477,000 after purchasing an additional 2,505,890 shares during the period. Bank of America Corp DE raised its position in shares of Sportradar Group by 491.6% in the third quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock valued at $46,495,000 after buying an additional 1,436,263 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Sportradar Group by 76.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock valued at $77,668,000 after buying an additional 1,196,197 shares during the period. Finally, Soros Fund Management LLC acquired a new stake in Sportradar Group during the second quarter worth approximately $28,563,000.

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.