Adversity is less terrifying than hope: Sportradar Group AG (SRAD)

Sportradar Group AG (NASDAQ: SRAD) stock jumped 0.09% on Wednesday to $11.03 against a previous-day closing price of $11.02. With 0.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.28 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $11.17 whereas the lowest price it dropped to was $10.79. The 52-week range on SRAD shows that it touched its highest point at $20.31 and its lowest point at $7.10 during that stretch. It currently has a 1-year price target of $17.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SRAD was down-trending over the past week, with a drop of -5.81%, but this was up by 17.97% over a month. Three-month performance dropped to -7.47% while six-month performance rose 22.69%. The stock lost -41.27% in the past year, while it has lost -37.22% so far this year. A look at the trailing 12-month EPS for SRAD yields 0.09 with Next year EPS estimates of 0.20. For the next quarter, that number is 0.03. This implies an EPS growth rate of -17.90% for this year and 12.78% for next year.

Float and Shares Shorts:

At present, 296.94 million SRAD shares are outstanding with a float of 200.37 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.6 million, which was 1.55% higher than short shares on Sep 14, 2022. In addition to Mr. Carsten Koerl as the firm’s Founder, CEO & Director, Mr. Ulrich Harmuth serves as its Chief Strategy Officer & Interim CFO.

Institutional Ownership:

Through their ownership of 82.31% of SRAD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.43% of SRAD, in contrast to 12.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SRAD with 47.26% of the stake, Canada Pension Plan Investment Bo holds 97,615,312 shares worth 97,615,312. A second-largest stockholder of SRAD, Radcliff Management LLC, holds 15,265,392 shares, controlling over 7.39% of the firm’s shares. Spruce House Investment Managemen is the third largest shareholder in SRAD, holding 3,500,000 shares or 1.69% stake. With a 47.25% stake in SRAD, the Canada Pension Plan is the largest stakeholder. A total of 97,607,000 shares are owned by the mutual fund manager. The Janus Henderson Contrarian Fund, which owns about 1.48% of SRAD stock, is the second-largest Mutual Fund holder. It holds 3,055,490 shares valued at 30.25 million. Federated Hermes Kaufmann Small C holds 0.68% of the stake in SRAD, owning 1,400,000 shares worth 13.86 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SRAD since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SRAD analysts setting a high price target of $24.03 and a low target of $9.28, the average target price over the next 12 months is $15.82. Based on these targets, SRAD could surge 117.86% to reach the target high and fall by -15.87% to reach the target low. Reaching the average price target will result in a growth of 43.43% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SRAD will report FY 2022 earnings on 03/29/2023. Analysts have provided yearly estimates in a range of $0.21 being high and $0.10 being low. For SRAD, this leads to a yearly average estimate of $0.17. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sportradar Group AG surprised analysts by $0.01 when it reported $0.04 EPS against a consensus estimate of $0.03. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is -$0.00. The average estimate for the next quarter is thus $0.03.

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