Their board was thin and wrecked that year. If I remember hearing correctly, by time they picked Stephens, he was the the last early day 3 pick they had on their board, so even that was a "reach" for them, although they didn't really have a choice. By time they got to Wade, they had no draftable prospects left. And no one really wanted to trade either, so they were kind of stuck. Obviously a couple of those late round guys in the entirety of the draft became something, but most of the rounds 5-7 guys from that draft are out of the league, so the Ravens were far from alone.