Sportradar Group (NASDAQ:SRAD) Reaches New 52-Week Low – Should You Sell?

Sportradar Group AG (NASDAQ:SRAD) reached a new 52-week low during trading on Tuesday . The company traded as low as $17.64 and last traded at $17.8950, with a volume of 999250 shares trading hands. The stock had previously closed at $18.24.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SRAD shares. Wells Fargo & Company decreased their price objective on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. Stifel Nicolaus started coverage on shares of Sportradar Group in a research report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price objective for the company. UBS Group reduced their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Guggenheim boosted their price target on shares of Sportradar Group from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $31.70.

Sportradar Group Trading Down 0.7%

The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 56.63 and a beta of 2.01. The business has a fifty day moving average of $21.46 and a two-hundred day moving average of $25.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business 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 was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, equities analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SRAD. Tower Research Capital LLC TRC raised its holdings in shares of Sportradar Group by 10,125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the period. CWM LLC increased its position in Sportradar Group by 316.0% during the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Sportradar Group by 436.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock valued at $82,000 after buying an additional 2,791 shares during the period. TD Private Client Wealth LLC lifted its position in Sportradar Group by 113.7% during the third quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock valued at $91,000 after buying an additional 1,795 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake 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 worth $99,000 after buying an additional 801 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.