Sportradar (SRAD) Hits 52-Week Low on Dismal Q1, 14.3% PT Downgrade

Sportradar Group (NASDAQ:SRAD) is one of the 10 Stocks Reeling From Huge Losses.

Sportradar fell to a new 52-week low on Tuesday, as investors took heart from its dismal earnings performance in the first quarter of the year, while digesting an investment firm’s 14.3-percent price target downgrade.

At intra-day trading, Sportradar Group (NASDAQ:SRAD) dropped to its lowest price of $11.66 before paring losses to finish the day just down by 11.41 percent at $12.35 apiece.

Photo by Tima Miroshnichenko on Pexels

In a market note, Guggenheim Securities cut its price target to $30 from $35 previously, but maintained a “buy” recommendation, after Sportradar Group (NASDAQ:SRAD) missed revenue expectations.

Revenues ended at €347 million, higher by 11 percent than the €312 million year-on-year, but fell short of the €367 million estimates, amid player-friendly outcomes, timing of marketing campaigns, and headwinds related to foreign currency translations.

Meanwhile, adjusted EBITDA ended at €66 million, up 12 percent from the €59 million year-on-year, but also missed estimates of €68 million.

However, Sportradar Group (NASDAQ:SRAD) remained at an attributable net loss of €6.286 million, reversing a €24.2 million attributable net profit previously.

In other news, the company announced the appointment of Sameer Deen as chief operating officer, effective May 18, 2026.

It also reaffirmed its full-year 2026 growth outlook of €1.557 billion to €1.582 billion.

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