The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

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.

While we acknowledge the potential of SRAD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.