Sportradar Group (NASDAQ:SRAD) Price Target Raised to $17.00

Sportradar Group (NASDAQ:SRAD) had its target price lifted by JPMorgan Chase & Co. from $16.00 to $17.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, June 9th. Benchmark restated a “buy” rating on shares of Sportradar Group in a research report on Thursday, July 9th. Needham & Company LLC boosted their price target on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group downgraded Sportradar Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $30.00 to $14.00 in a research note on Friday, April 24th. Finally, Guggenheim cut their price objective on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.67.

Sportradar Group Stock Down 3.1%

Shares of SRAD opened at $14.38 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. Sportradar Group has a 12 month low of $11.66 and a 12 month high of $32.22. The firm’s 50 day moving average is $14.48 and its 200-day moving average is $16.67. The stock has a market capitalization of $4.31 billion, a PE ratio of 59.92 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. Equities research analysts forecast that Sportradar Group will post 0.4 EPS for the current year.

Insider Activity

In other Sportradar Group news, Director Deirdre Mary Bigley acquired 3,940 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $12.57 per share, for a total transaction of $49,525.80. Following the transaction, the director directly owned 13,897 shares in the company, valued at $174,685.29. This represents a 39.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George Fleet acquired 7,850 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $12.73 per share, with a total value of $99,930.50. Following the completion of the transaction, the director owned 160,873 shares in the company, valued at $2,047,913.29. The trade was a 5.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 357,893 shares of company stock valued at $4,668,220. Corporate insiders own 85.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wealth High Governance Capital Ltda grew its holdings in Sportradar Group by 144.1% during the 4th quarter. Wealth High Governance Capital Ltda now owns 366,157 shares of the company’s stock worth $8,704,000 after acquiring an additional 216,159 shares during the last quarter. UBS Group AG raised its stake in shares of Sportradar Group by 107.1% during the fourth quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock valued at $56,908,000 after acquiring an additional 1,238,054 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Sportradar Group during the fourth quarter valued at $52,643,000. Asset Management One Co. Ltd. acquired a new position in shares of Sportradar Group during the fourth quarter worth $2,941,000. Finally, BW Gestao de Investimentos Ltda. lifted its holdings in shares of Sportradar Group by 133.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 233,843 shares of the company’s stock worth $5,558,000 after purchasing an additional 133,841 shares during the period.

Sportradar Group News Roundup

Here are the key news stories impacting Sportradar Group this week:

• Neutral Sentiment: Multiple law firms reminded investors that the deadline to seek lead-plaintiff status in a securities class action against Sportradar is July 17, with claims covering purchases made between November 7, 2024 and April 21, 2026. Article link
• Neutral Sentiment: Hagens Berman, Faruqi & Faruqi, Rosen, Pomerantz, and other firms issued similar notices urging investors with losses in Sportradar Group AG (SRAD) to contact counsel before the deadline, keeping the lawsuit in focus for shareholders. Article link
• Neutral Sentiment: There was also a separate note pointing to JPMorgan Chase’s positive forecast for Sportradar stock, which may offer some offsetting support, though the dominant theme in the latest headlines is still litigation-related. Article link

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.