Sportradar Posts Dismal Q1 Results and Faces Price Target Downgrade
Sportradar (SRAD) fell to a 52-week low following disappointing Q1 results and a 14.3% price target downgrade by Guggenheim Securities. The company reported revenue of €347 million, missing estimates, and an adjusted EBITDA of €66 million, also below expectations. Despite a 11% year-on-year revenue increase, the stock dropped 11.41% on Tuesday.
Topics: Earnings Management Changes Price Target Downgrade Revenue Miss Stock Price Movement