Sportradar Group (NASDAQ:SRAD) Reaches New 52-Week Low Following Analyst Downgrade

Sportradar Group AG (NASDAQ:SRAD) shares hit a new 52-week low during 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. The stock had previously closed at $16.63.

Other research analysts have also issued research reports about the stock. Needham & Company LLC dropped their price target on shares of Sportradar Group from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Guggenheim reaffirmed a “buy” rating on shares of Sportradar Group in a report on Tuesday, March 3rd. Morgan Stanley upped their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday. Truist Financial set a $32.00 price objective on shares of Sportradar Group in a report on Tuesday, March 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Sportradar Group by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock worth $287,158,000 after acquiring an additional 1,929,037 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Sportradar Group by 39.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after acquiring an additional 1,721,495 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sportradar Group by 14.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock worth $85,421,000 after acquiring an additional 409,545 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of Sportradar Group during the 4th quarter worth about $75,117,000. Finally, Invesco Ltd. lifted its holdings in shares of Sportradar Group by 0.5% during the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock worth $80,383,000 after acquiring an additional 15,394 shares during the period.

Sportradar Group Stock Down 8.4%

The business’s fifty day moving average price is $17.78 and its 200 day moving average price is $21.51. The company has a market capitalization of $4.56 billion, a P/E ratio of 46.18 and a beta of 1.98. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The business had revenue of $432.81 million for the quarter, compared to the consensus estimate of $369.59 million. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal 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.