Sportradar shares take a hit after latest analyst move
JPMorgan downgraded Sportradar Group AG to Neutral from Overweight and cut its price target to $16 from $26. Shares closed Wednesday at $12.89 on Nasdaq, down 0.8%, and have fallen about 46% this year. The company faces scrutiny after short-seller claims and a securities lawsuit. First-quarter revenue rose 11% to 347 million euros, but Sportradar posted a 6 million euro loss.
