Sportradar Group Ag Class A (SRAD) has disclosed a new risk, in the Corporate Activity and Growth category.
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Sportradar Group Ag Class A, since its transition to public status in 2021, has been grappling with the increased financial and administrative demands inherent to public companies. The company is navigating the complexities of the Exchange Act, Sarbanes-Oxley Act, Dodd-Frank Act, and Nasdaq’s stringent requirements, which mandate rigorous disclosure and financial controls. This heightened regulatory environment not only adds to the company’s operational costs but also imposes significant demands on management’s time and company resources. Moreover, the identified material weakness in internal controls over financial reporting heightens the risk of financial misstatements, potentially shaking investor confidence and adversely affecting the company’s share value.
The average SRAD stock price target is $13.80, implying 22.89% upside potential.
To learn more about Sportradar Group Ag Class A’s risk factors, click here.