Sportradar Group (NASDAQ:SRAD) Hits New 12-Month Low – Should You Sell?

Shares of Sportradar Group AG (NASDAQ:SRAD) hit a new 52-week low during trading on Wednesday . The company traded as low as $18.00 and last traded at $18.36, with a volume of 2234178 shares changing hands. The stock had previously closed at $18.62.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus initiated coverage on shares of Sportradar Group in a research report on Thursday. They set a “buy” rating and a $28.00 price objective for the company. Wells Fargo & Company cut their price target on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Zacks Research downgraded Sportradar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Guggenheim lifted their price objective on Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citizens Jmp reduced their target price on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.70.

Sportradar Group Stock Down 2.2%

The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $21.86 and a two-hundred day simple moving average of $26.03. The firm has a market capitalization of $5.44 billion, a P/E ratio of 56.75 and a beta of 2.01.

Sportradar Group (NASDAQ:SRAD) last released 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 7.84% and a return on equity of 9.97%. The company had revenue of $342.71 million for the quarter, compared to the consensus estimate of $295.04 million. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC increased its holdings 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 worth $28,000 after purchasing an additional 962 shares during the last quarter. TD Private Client Wealth LLC grew 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 buying an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in 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 acquiring an additional 1,620 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Sportradar Group by 436.1% in the 4th quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock worth $82,000 after acquiring an additional 2,791 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Sportradar Group by 29.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after acquiring an additional 801 shares in the last quarter.

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.