Sportradar Group (NASDAQ:SRAD) Stock Price Down 3.2% - Here's Why

Key Points

• Sportradar Group's stock price fell by 3.2%, reaching a low of $30.90 during trading on Thursday.
• Analysts maintain a generally positive outlook, with one Strong Buy, thirteen Buy ratings, and a consensus target price of $30.88.
• The company's recent earnings report exceeded expectations, showing a net margin of 9.35% and revenue growth of 14.1% year-over-year.

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) were down 3.2% during trading on Thursday . The stock traded as low as $30.90 and last traded at $30.24. Approximately 64,182 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,657,596 shares. The stock had previously closed at $31.24.

Analyst Ratings Changes

Several equities analysts recently commented on SRAD shares. Arete Research upgraded shares of Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. UBS Group upped their price target on shares of Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Morgan Stanley upped their price target on shares of Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, JMP Securities upped their price target on shares of Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.88.

Sportradar Group Price Performance

The stock has a market cap of $8.94 billion, a P/E ratio of 83.22 and a beta of 2.07. 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 business's fifty day moving average price is $29.78 and its 200 day moving average price is $25.43.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. The firm had revenue of $374.25 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp bought a new position in Sportradar Group in the 4th quarter valued at approximately $1,236,000. Informed Momentum Co LLC bought a new position in Sportradar Group in the 1st quarter valued at approximately $1,346,000. Natixis Advisors LLC bought a new position in Sportradar Group in the 1st quarter valued at approximately $411,000. T. Rowe Price Investment Management Inc. bought a new position in Sportradar Group in the 1st quarter valued at approximately $20,657,000. Finally, Fifth Third Bancorp bought a new position in Sportradar Group in the 1st quarter valued at approximately $360,000.

About Sportradar Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.