Sportradar Group (NASDAQ:SRAD) Hits New 52-Week Low – Here’s What Happened

Sportradar Group AG (NASDAQ:SRAD) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.82 and last traded at $16.86, with a volume of 484583 shares changing hands. The stock had previously closed at $17.39.

Analysts Set New Price Targets

SRAD has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a report on Wednesday, January 21st. Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Stifel Nicolaus initiated coverage on Sportradar Group in a report on Thursday, January 22nd. They set a “buy” rating and a $28.00 target price for the company. Finally, UBS Group lowered their price target on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.70.

Sportradar Group Stock Down 2.0%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. The firm’s 50-day moving average price is $20.93 and its 200 day moving average price is $25.02. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 53.28 and a beta of 2.01.

Hedge Funds Weigh In On Sportradar Group

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sportradar Group during the 1st quarter worth about $573,000. Goldman Sachs Group Inc. grew its stake in Sportradar Group by 175.4% during the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after buying an additional 388,769 shares during the period. Truist Financial Corp increased its position in shares of Sportradar Group by 4.7% in the second quarter. Truist Financial Corp now owns 21,829 shares of the company’s stock worth $613,000 after acquiring an additional 973 shares in the last quarter. US Bancorp DE raised its stake in shares of Sportradar Group by 446.8% in the 2nd quarter. US Bancorp DE now owns 33,893 shares of the company’s stock valued at $952,000 after acquiring an additional 27,695 shares during the period. Finally, Blair William & Co. IL acquired a new position in shares of Sportradar Group during the 2nd quarter valued at $201,000.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.