Sportradar Group (NASDAQ:SRAD) Shares Down 5.7% - Here's What Happened

Key Points

• Sportradar Group's shares fell 5.7% to $26.95, with trading volume declining significantly to 599,934 shares compared to an average of 1,681,645 shares.
• The company's latest earnings report showed an earnings per share of $0.17, surpassing estimates by $0.13, with revenues of $374.25 million reflecting a 14.1% year-over-year increase.
• Analyst ratings for Sportradar Group are mostly positive, with an average target price of $31.88 and a rating of "Moderate Buy" based on one Strong Buy, fourteen Buy, and four Hold ratings.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares traded down 5.7% on Tuesday . The stock traded as low as $27.10 and last traded at $26.95. 599,934 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 1,681,645 shares. The stock had previously closed at $28.56.

Analyst Ratings Changes

Several research analysts recently commented on SRAD shares. Morgan Stanley raised their price target on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Roth Capital assumed coverage on shares of Sportradar Group in a research note on Friday, September 12th. They issued a "buy" rating and a $40.00 price target for the company. Needham & Company LLC lifted their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Truist Financial boosted their price objective on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Sportradar Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sportradar Group presently has an average rating of "Moderate Buy" and an average target price of $31.88.

Sportradar Group Price Performance

The company's 50 day simple moving average is $29.89 and its 200 day simple moving average is $26.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $7.89 billion, a P/E ratio of 73.38 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. The business had revenue of $374.25 million during the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Informed Momentum Co LLC acquired a new position in shares of Sportradar Group during the 1st quarter valued at $1,346,000. Natixis Advisors LLC bought a new stake in shares of Sportradar Group during the 1st quarter valued at about $411,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Sportradar Group in the first quarter worth approximately $20,657,000. Integrity Alliance LLC. bought a new position in shares of Sportradar Group in the first quarter worth approximately $321,000. Finally, Acadian Asset Management LLC boosted its holdings in Sportradar Group by 34.9% in the first quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company's stock valued at $31,574,000 after acquiring an additional 378,163 shares in the last quarter.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.

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