2024-04-24 08:23:21 ET
Summary
- Sportradar's Q4 results were highlighted by strong margins and earnings momentum.
- The company announced a large share repurchasing authorization, which should be supportive of the stock price.
- We are bullish on shares of Sportradar which appear undervalued following a recent round of volatility.
Sportradar Group AG ( SRAD ) capped off 2023 with record earnings, confirming the company's position as the global leader in sports analytics. On the other hand, that momentum hasn't quite translated to a strong stock price performance, with shares currently down 30% from their 52-week highs....
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Sportradar: 4 Reasons Shares Could Be A Good Bet In 2024