Sportradar Group (NASDAQ:SRAD) Sets New 52-Week Low – What’s Next?

Sportradar Group AG (NASDAQ:SRAD)’s share price reached a new 52-week low during mid-day 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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SRAD. UBS Group dropped their price objective on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Citizens Jmp cut their price target on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a report on Monday, January 5th. Benchmark restated a “buy” rating on shares of Sportradar Group in a report on Wednesday, January 21st. Arete Research raised Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company reduced their price target on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.70.

Sportradar Group Price Performance

The stock has a market cap of $5.43 billion, a P/E ratio of 56.69 and a beta of 2.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The business has a 50 day simple moving average of $21.78 and a 200-day simple moving average of $25.91.

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

Institutional Investors Weigh In On Sportradar Group

Large investors have recently added to or reduced their stakes in the company. ORG Partners LLC raised its position in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 962 shares during the period. TD Private Client Wealth LLC raised its holdings in Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock valued at $44,000 after acquiring an additional 1,529 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares in the last quarter. CWM LLC grew its position in shares of Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of 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 purchasing an additional 2,791 shares in the last quarter.

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.