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

Sportradar Group AG (NASDAQ:SRAD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $17.83 and last traded at $18.14, with a volume of 2440733 shares. The stock had previously closed at $18.16.

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 report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. UBS Group reduced their price target on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Zacks Research lowered Sportradar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Citizens Jmp reduced their target price on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.70.

Sportradar Group Stock Performance

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 company has a market cap of $5.43 billion, a PE ratio of 56.69 and a beta of 2.01. The business’s 50-day moving average is $21.78 and its 200 day moving average is $25.91.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the business posted $0.11 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in Sportradar Group by 39.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after buying an additional 1,721,495 shares during the period. K.J. Harrison & Partners Inc bought a new position in shares of Sportradar Group in the 2nd quarter worth approximately $1,404,000. Greenhouse Funds LLLP raised its position in shares of Sportradar Group by 1.6% in the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after acquiring an additional 129,276 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Sportradar Group by 200.0% in the 2nd quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock valued at $2,060,000 after purchasing an additional 49,272 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of Sportradar Group by 369.0% during the second quarter. TD Asset Management Inc now owns 82,094 shares of the company’s stock valued at $2,305,000 after purchasing an additional 64,590 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.