Sportradar Group (NASDAQ:SRAD) Stock Price Down 4.3% - Should You Sell?

Key Points

• Sportradar shares fell 4.3% to about $12.66, below both the 50-day moving average of $13.59 and the 200-day average of $14.92.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $19.19, although UBS and JPMorgan recently lowered their targets and adopted neutral ratings.
• The company reported a quarterly loss of $0.01 per share on $431.19 million in revenue, while analysts expect full-year earnings of $0.25 per share; several institutional investors nonetheless recently increased or initiated positions.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s stock price was down 4.3% during trading on Thursday . The company traded as low as $12.69 and last traded at $12.6630. Approximately 835,763 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 2,917,356 shares. The stock had previously closed at $13.23.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wolfe Research began coverage on Sportradar Group in a report on Wednesday, September 2nd. They issued an "outperform" rating and a $22.00 target price on the stock. UBS Group lowered Sportradar Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $30.00 to $16.00 in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price target on shares of Sportradar Group from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Stifel Nicolaus decreased their target price on Sportradar Group from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Finally, Citigroup reiterated a "market outperform" rating on shares of Sportradar Group in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $19.19.

Sportradar Group Stock Down 4.9%

The firm's 50 day moving average is $13.59 and its two-hundred day moving average is $14.92. The firm has a market cap of $3.77 billion, a P/E ratio of 209.78 and a beta of 1.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%.The firm had revenue of $431.19 million during the quarter. As a group, research analysts anticipate that Sportradar Group AG will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Spruce House Investment Management LLC acquired a new stake in Sportradar Group during the 1st quarter valued at $46,035,000. Ashford Capital Management Inc. lifted its holdings in Sportradar Group by 35.7% during the 1st quarter. Ashford Capital Management Inc. now owns 719,570 shares of the company's stock worth $12,046,000 after buying an additional 189,290 shares during the period. BW Gestao de Investimentos Ltda. increased its position in Sportradar Group by 133.8% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 233,843 shares of the company's stock valued at $5,558,000 after purchasing an additional 133,841 shares during the period. Norges Bank acquired a new stake in Sportradar Group during the 4th quarter worth about $35,866,000. Finally, TD Asset Management Inc lifted its position in shares of Sportradar Group by 26.9% during the 4th quarter. TD Asset Management Inc now owns 687,908 shares of the company's stock valued at $16,352,000 after acquiring an additional 145,814 shares during the period.

About Sportradar Group

Sportradar Group AG is a global sports technology company that provides data, content and technology solutions to sports organizations, media companies, betting operators and other customers. Its services are designed to support sports coverage, audience engagement, digital platforms and sports betting operations.

The company collects, processes and distributes sports data, including live scores, statistics and related information. Its product offerings also include betting technology and odds solutions, audiovisual sports content, marketing and fan-engagement tools, and services focused on sports integrity and the detection of suspicious activity.

Sportradar serves customers across multiple regions, including Europe, North America and other international markets, covering a broad range of sports.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.