Sportradar Group (NASDAQ:SRAD) Sets New 12-Month Low – What’s Next?

Shares of Sportradar Group AG (NASDAQ:SRAD) reached a new 52-week low on Wednesday. The company traded as low as $11.51 and last traded at $11.56, with a volume of 2903021 shares traded. The stock had previously closed at $12.48.

Wall Street Analysts Forecast Growth

SRAD has been the subject of a number of recent analyst reports. UBS Group lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $16.00 in a research note on Wednesday, August 5th. Wells Fargo & Company set a $20.00 price target on shares of Sportradar Group in a research note on Tuesday, August 4th. Citizens Jmp decreased their price objective on shares of Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating for the company in a report on Tuesday, August 4th. Canaccord Genuity Group lowered their price objective on shares of Sportradar Group from $28.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Citigroup restated a “market outperform” rating on shares of Sportradar Group in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.19.

Sportradar Group Stock Up 2.6%

The firm has a market cap of $3.55 billion, a P/E ratio of 197.70 and a beta of 1.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $13.06 and a 200-day moving average price of $14.44.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The firm had revenue of $431.19 million during the quarter. On average, equities analysts forecast that Sportradar Group AG will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently modified their holdings of SRAD. Integrated Wealth Concepts LLC bought a new position in Sportradar Group in the second quarter worth approximately $560,000. Squarepoint Ops LLC boosted its position in Sportradar Group by 3.2% during the 2nd quarter. Squarepoint Ops LLC now owns 30,518 shares of the company’s stock valued at $457,000 after acquiring an additional 958 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Sportradar Group in the 2nd quarter valued at $1,704,000. Allied Private Wealth LLC bought a new position in shares of Sportradar Group in the 2nd quarter worth $61,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Sportradar Group in the 2nd quarter worth $32,811,000.

About Sportradar Group

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.