Sportradar Group (NASDAQ:SRAD) Reaches New 52-Week Low - Time to Sell?

Key Points

• Sportradar Group fell 7.1% to a new 52-week low of $11.39, below its 50-day and 200-day moving averages, amid elevated valuation metrics including a P/E ratio of 192.12.
• Despite the decline, analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $19.19, substantially above the current share price.
• Recent quarterly results showed a $0.01 loss per share on $431.19 million in revenue, while several institutional investors—including Manufacturers Life Insurance and Principal Financial—expanded their positions.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $11.39 and last traded at $11.41, with a volume of 1,201,489 shares trading hands. The stock had previously closed at $12.40.

Analysts Set New Price Targets

A number of research firms have commented on SRAD. Stifel Nicolaus cut their target price on shares of Sportradar Group from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Zacks Research raised shares of Sportradar Group from a "strong sell" rating to a "hold" rating in a research report on Friday, October 9th. Canaccord Genuity Group lowered their price target 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. Citigroup reiterated a "market outperform" rating on shares of Sportradar Group in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company set a $20.00 price objective on shares of Sportradar Group in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.19.

Sportradar Group Trading Down 7.1%

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 stock has a market capitalization of $3.45 billion, a P/E ratio of 192.12 and a beta of 1.59. The company has a 50-day moving average price of $12.76 and a 200 day moving average price of $14.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued 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 company had revenue of $431.19 million for the quarter. On average, research analysts forecast that Sportradar Group AG will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Spruce House Investment Management LLC purchased a new position in Sportradar Group during the 1st quarter worth $46,035,000. Ashford Capital Management Inc. increased its position in Sportradar Group by 35.7% during the 1st quarter. Ashford Capital Management Inc. now owns 719,570 shares of the company's stock valued at $12,046,000 after buying an additional 189,290 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Sportradar Group in the second quarter valued at about $1,704,000. Principal Financial Group Inc. raised its stake in Sportradar Group by 34.8% in the first quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company's stock valued at $30,571,000 after buying an additional 471,309 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Sportradar Group by 963.6% in the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company's stock valued at $41,238,000 after buying an additional 2,231,810 shares during the last quarter.

Sportradar Group Company Profile

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.

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