Sportradar Group (NASDAQ:SRAD) Price Target Cut to $23.00 by Analysts at Guggenheim

Sportradar Group (NASDAQ:SRAD) had its price objective lowered by investment analysts at Guggenheim from $26.00 to $23.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim‘s price target would suggest a potential upside of 56.84% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. UBS Group lowered Sportradar Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $16.00 in a research report on Wednesday, August 5th. Morgan Stanley cut their price objective on shares of Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Truist Financial lowered their price target on Sportradar Group from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Canaccord Genuity Group decreased their target price on shares of Sportradar Group from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sportradar Group from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $17.97.

Sportradar Group Price Performance

NASDAQ SRAD traded up $0.47 during trading hours on Wednesday, reaching $14.66. 353,234 shares of the stock traded hands, compared to its average volume of 2,796,980. The stock has a 50 day simple moving average of $12.51 and a two-hundred day simple moving average of $14.91. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 246.16 and a beta of 1.66. Sportradar Group has a 1 year low of $11.39 and a 1 year high of $25.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.98 and a quick ratio of 0.98.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $410.62 million during the quarter, compared to analysts’ expectations of $405.74 million. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. On average, analysts predict that Sportradar Group will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SRAD. Choreo LLC boosted its holdings in shares of Sportradar Group by 23.5% in the 3rd quarter. Choreo LLC now owns 23,144 shares of the company’s stock worth $268,000 after purchasing an additional 4,403 shares during the period. Vontobel Holding Ltd. increased its stake in Sportradar Group by 16.2% in the third quarter. Vontobel Holding Ltd. now owns 31,311 shares of the company’s stock worth $362,000 after purchasing an additional 4,359 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Sportradar Group during the second quarter worth $560,000. Squarepoint Ops LLC lifted its position in shares of Sportradar Group by 3.2% during the second quarter. Squarepoint Ops LLC now owns 30,518 shares of the company’s stock worth $457,000 after purchasing an additional 958 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Sportradar Group during the second quarter worth $1,704,000.

Key Sportradar Group News

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

• Positive Sentiment: Third-quarter revenue rose 24% to €363 million, while profit increased 20% and adjusted EBITDA grew 21%. Operating cash flow rose 37%, and free cash flow increased 12%. Revenue topped estimates; EPS was $0.10, above Zacks’ $0.09 consensus but below another reported consensus of $0.11. Sportradar Q3 financial results
• Positive Sentiment: Sportradar repurchased $157 million of shares during the quarter and agreed to sell Atrium Sports for $170 million, while announcing new and expanded partnerships with prediction-market firms. These moves may support capital returns and strategic focus. Q3 growth and Atrium Sports divestiture
• Positive Sentiment: Shares rose following the results, reflecting investor reaction to the strong revenue growth. Shares rise after Q3 results
• Neutral Sentiment: Unusually heavy options activity saw traders buy 43,617 call contracts, about 24 times typical volume. This suggests heightened bullish positioning but does not establish the direction of future trading.
• Negative Sentiment: Citizens JMP lowered its price target from $20 to $19, while keeping a “market outperform” rating. The revised target still implies potential upside from the cited $14.20 share price. Citizens JMP recommendations
• Negative Sentiment: A separate analysis argued that SRAD looks expensive relative to its sales base, highlighting valuation risk despite the quarter’s growth. Sportradar stock valuation analysis

About Sportradar Group

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.