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

Sportradar Group AG (NASDAQ:SRAD) reached a new 52-week low during trading on Tuesday . The stock traded as low as $17.64 and last traded at $17.8950, with a volume of 999250 shares changing hands. The stock had previously closed at $18.24.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SRAD. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday, December 29th. Wells Fargo & Company lowered their target price on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Citizens Jmp dropped their target price on 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. Guggenheim lifted their price target on Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus started coverage on Sportradar Group in a research note on Thursday, January 22nd. They set a “buy” rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $31.70.

Sportradar Group Stock Down 3.6%

The company has a 50 day moving average of $21.21 and a 200-day moving average of $25.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $5.11 billion, a P/E ratio of 53.28 and a beta of 2.01.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share 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 business had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. During the same period in the previous year, the business earned $0.11 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, equities analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently bought and sold shares of SRAD. Gabelli Funds LLC increased its holdings in shares of Sportradar Group by 8.8% in the 4th quarter. Gabelli Funds LLC now owns 54,400 shares of the company’s stock worth $1,293,000 after buying an additional 4,400 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in Sportradar Group in the fourth quarter worth $52,643,000. Navellier & Associates Inc. grew its position in Sportradar Group by 5.5% in the fourth quarter. Navellier & Associates Inc. now owns 73,245 shares of the company’s stock worth $1,741,000 after acquiring an additional 3,839 shares in the last quarter. Wealth High Governance Capital Ltda increased its stake in Sportradar Group by 144.1% in the fourth quarter. Wealth High Governance Capital Ltda now owns 366,157 shares of the company’s stock valued at $8,704,000 after acquiring an additional 216,159 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Sportradar Group by 99.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 17,007 shares of the company’s stock valued at $404,000 after purchasing an additional 8,480 shares in 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.