Sportradar Group (NASDAQ:SRAD) Shares Down 3.4% – What’s Next?

Sportradar Group AG (NASDAQ:SRAD)’s stock price traded down 3.4% during mid-day trading on Friday . The company traded as low as $23.50 and last traded at $22.9650. 22,322 shares were traded during trading, a decline of 98% from the average session volume of 1,324,966 shares. The stock had previously closed at $23.77.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SRAD shares. Zacks Research lowered Sportradar Group from a “strong-buy” rating to a “hold” rating in a report 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. Roth Capital started coverage on Sportradar Group in a research note on Friday, September 12th. They issued a “buy” rating and a $40.00 price target for the company. Wells Fargo & Company initiated coverage on Sportradar Group in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.56.

Sportradar Group Stock Down 1.9%

The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 72.81 and a beta of 2.01. The business’s 50-day moving average is $23.24 and its 200-day moving average is $26.76. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cresset Asset Management LLC grew its holdings in Sportradar Group by 2.1% during the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock valued at $526,000 after buying an additional 394 shares during the last quarter. Mindset Wealth Management LLC boosted its stake in shares of Sportradar Group by 5.5% during the 3rd quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock worth $242,000 after purchasing an additional 466 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Sportradar Group by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock worth $260,000 after buying an additional 489 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after buying an additional 801 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in shares of Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after buying an additional 962 shares during the period.

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.