Sportradar Group (NASDAQ:SRAD) Shares Down 5% – Should You Sell?

Sportradar Group AG (NASDAQ:SRAD) fell 5% during mid-day trading on Thursday . The company traded as low as $20.61 and last traded at $20.6210. 983,496 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,826,026 shares. The stock had previously closed at $21.70.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SRAD. Wells Fargo & Company began coverage on Sportradar Group in a research report on Tuesday. They set an “overweight” rating and a $30.00 price target on the stock. Zacks Research cut Sportradar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. UBS Group lifted their price objective on shares of Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and an average price target of $31.78.

Sportradar Group Stock Performance

The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 58.24 and a beta of 2.01. The company’s 50 day simple moving average is $26.33 and its 200 day simple moving average is $27.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $342.71 million during the quarter, compared to the consensus estimate of $295.04 million. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its position in Sportradar Group by 137.4% in the third quarter. Captrust Financial Advisors now owns 559,234 shares of the company’s stock worth $15,043,000 after acquiring an additional 323,655 shares in the last quarter. Williamson Legacy Group LLC boosted its holdings in Sportradar Group by 11.2% during the third quarter. Williamson Legacy Group LLC now owns 51,513 shares of the company’s stock worth $1,386,000 after buying an additional 5,200 shares in the last quarter. XTX Topco Ltd acquired a new position in Sportradar Group in the third quarter worth approximately $1,380,000. Virtus Advisers LLC bought a new position in shares of Sportradar Group in the third quarter valued at $194,000. Finally, Voleon Capital Management LP acquired a new stake in shares of Sportradar Group during the 3rd quarter valued at $5,034,000.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.