Sportradar Group (NASDAQ:SRAD) Sets New 1-Year Low – Time to Sell?

Sportradar Group AG (NASDAQ:SRAD)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $16.82 and last traded at $16.86, with a volume of 484583 shares changing hands. The stock had previously closed at $17.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SRAD shares. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. Guggenheim upped their price target on Sportradar Group from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Citizens Jmp reduced their target price on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, January 5th. Finally, Stifel Nicolaus initiated coverage on shares of Sportradar Group in a research note on Thursday, January 22nd. They issued a “buy” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.70.

Sportradar Group Stock Down 2.0%

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 firm has a market capitalization of $5.11 billion, a P/E ratio of 53.28 and a beta of 2.01. The stock has a fifty day moving average price of $20.93 and a two-hundred day moving average price of $25.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Sportradar Group by 10,125.0% in 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 during the last quarter. CWM LLC lifted its holdings in shares of Sportradar Group by 316.0% in the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Sportradar Group by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $71,000 after purchasing an additional 1,500 shares during the period. TD Private Client Wealth LLC boosted its position in Sportradar Group by 113.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock valued at $91,000 after purchasing an additional 1,795 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Sportradar Group by 436.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock worth $82,000 after buying an additional 2,791 shares during 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.