Sportradar Group (NASDAQ:SRAD) Shares Up 9.9% on Analyst Upgrade

Sportradar Group AG (NASDAQ:SRAD) shares traded up 9.9% during mid-day trading on Monday after Needham & Company LLC raised their price target on the stock from $19.00 to $23.00. Needham & Company LLC currently has a buy rating on the stock. Sportradar Group traded as high as $15.31 and last traded at $15.2780. 941,177 shares were traded during mid-day trading, a decline of 71% from the average session volume of 3,197,133 shares. The stock had previously closed at $13.90.

A number of other equities research analysts also recently issued reports on SRAD. Guggenheim reduced their price target on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Citigroup lowered their price objective on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Benchmark dropped their target price on shares of Sportradar Group from $23.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus cut their target price on Sportradar Group from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, BTIG Research decreased their price target on Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and an average target price of $24.06.

Insider Buying and Selling at Sportradar Group

In other Sportradar Group news, CEO Carsten Koerl acquired 143,000 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $13.23 per share, with a total value of $1,891,890.00. Following the completion of the purchase, the chief executive officer owned 2,278,272 shares in the company, valued at $30,141,538.56. This trade represents a 6.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Kurtz acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $12.97 per share, with a total value of $103,760.00. Following the acquisition, the director directly owned 30,179 shares of the company’s stock, valued at approximately $391,421.63. This represents a 36.07% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 357,893 shares of company stock valued at $4,668,220.

Sportradar Group News Summary

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

• Positive Sentiment: Sportradar announced a multi-year global partnership with Kalshi, the largest prediction market, positioning Sportradar as a core data and solutions provider across premier sports leagues and giving it an opportunity to participate across Kalshi’s ecosystem of market makers and brokers. This could support future revenue growth and broaden Sportradar’s addressable market. Article Title
• Neutral Sentiment: Multiple law firms reiterated notices and deadline reminders tied to an existing class-action lawsuit against Sportradar, with the case centered on alleged securities-law violations and claims that the company may have made misleading statements or omitted important information. These updates add headline noise and keep legal risk in focus, but they do not represent a new court ruling. Article Title
• Negative Sentiment: The lawsuit allegations specifically reference potential misconduct related to black-market gambling operators and securities-fraud claims, which may weigh on investor sentiment as the July 17 lead-plaintiff deadline approaches. Article Title

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SRAD. Jericho Capital Asset Management L.P. purchased a new position in shares of Sportradar Group in the 4th quarter valued at about $75,117,000. Spruce House Investment Management LLC purchased a new stake in shares of Sportradar Group in the 1st quarter valued at approximately $46,035,000. The Manufacturers Life Insurance Company increased its holdings in Sportradar Group by 963.6% in the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after buying an additional 2,231,810 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of Sportradar Group in the 4th quarter valued at about $52,643,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Sportradar Group by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock worth $287,158,000 after purchasing an additional 1,929,037 shares in the last quarter.

Sportradar Group Trading Up 10.1%

The company has a market cap of $4.58 billion, a price-to-earnings ratio of 64.02 and a beta of 1.64. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $18.14.

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

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.