Sportradar price target lowered to $18 from $20 at Roth Capital

Roth Capital lowered the firm’s price target on Sportradar (SRAD) to $18 from $20 and keeps a Buy rating on the shares after its Q1 results. The company’s management did well in addressing short-sale allegations and hopefully easing a major pressure point, the analyst tells investors in a research note. The firm adds that the company’s capital returns are accelerating and the stock’s valuation at 8% free cash flow yield is inexpensive.