Sportradar Group (NASDAQ:SRAD) Trading Down 3.9% - Should You Sell?

Key Points

• Sportradar Group's shares fell 3.9% to close at $29.07, with trading volume dropping 79% compared to the average daily volume.
• Analysts maintain a positive outlook with several firms raising their price targets; the average rating for Sportradar shares is currently a "Moderate Buy" with a target of $31.41.
• The company reported better-than-expected quarterly earnings, with a revenue of $374.25 million against an expectation of $315.30 million.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares dropped 3.9% on Wednesday . The company traded as low as $28.97 and last traded at $29.07. Approximately 355,668 shares were traded during trading, a decline of 79% from the average daily volume of 1,655,541 shares. The stock had previously closed at $30.24.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SRAD. Truist Financial upped their target price 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. Arete Research raised shares of Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. UBS Group upped their price target on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Macquarie started coverage on shares of Sportradar Group in a research report on Friday, June 20th. They set an "outperform" rating and a $32.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.41.

Sportradar Group Stock Down 4.4%

The company has a market capitalization of $8.65 billion, a P/E ratio of 79.67 and a beta of 2.07. The firm's 50 day moving average price is $29.92 and its two-hundred day moving average price is $25.70. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.13. The company 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 firm's quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently added to or reduced their stakes in SRAD. ORG Partners LLC increased its position in Sportradar Group by 2,137.8% during the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company's stock worth $28,000 after buying an additional 962 shares during the period. Pacer Advisors Inc. increased its position in Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after buying an additional 537 shares during the period. TD Private Client Wealth LLC increased its position in Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock worth $44,000 after buying an additional 1,529 shares during the period. SBI Securities Co. Ltd. increased its position in Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after buying an additional 551 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company's stock worth $46,000 after buying an additional 1,620 shares during the period.

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.