Truist Financial Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $16.00

Sportradar Group (NASDAQ:SRAD) had its target price trimmed by Truist Financial from $18.00 to $16.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group downgraded shares of Sportradar Group from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $14.00 in a report on Friday, April 24th. Morgan Stanley lifted their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Benchmark reissued a “buy” rating on shares of Sportradar Group in a research note on Thursday, July 9th. Wells Fargo & Company set a $20.00 target price on shares of Sportradar Group in a report on Tuesday. Finally, Guggenheim decreased their price target on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus target price of $20.31.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD opened at $12.70 on Tuesday. Sportradar Group has a 1 year low of $11.55 and a 1 year high of $32.22. The firm has a market cap of $3.80 billion, a P/E ratio of 211.70 and a beta of 1.61. The stock has a fifty day moving average price of $14.80 and a two-hundred day moving average price of $15.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 0.98.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) EPS for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%.The firm had revenue of $431.19 million during the quarter. Research analysts forecast that Sportradar Group will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SRAD. T. Rowe Price Investment Management Inc. lifted its position in shares of Sportradar Group by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock valued at $287,158,000 after acquiring an additional 1,929,037 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Sportradar Group by 14.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock worth $85,421,000 after purchasing an additional 409,545 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Sportradar Group during the 4th quarter valued at $75,117,000. Stephens Investment Management Group LLC raised its stake in Sportradar Group by 40.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock valued at $52,167,000 after purchasing an additional 901,619 shares during the period. Finally, Invesco Ltd. raised its stake in Sportradar Group by 0.5% during the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock valued at $80,383,000 after purchasing an additional 15,394 shares during the period.

Trending Headlines about Sportradar Group

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

• Neutral Sentiment: Unusually large options activity drew attention to SRAD, indicating elevated investor positioning and potentially higher near-term volatility, but the report does not establish a clear bullish or bearish direction. Sportradar Group Target of Unusually Large Options Trading
• Neutral Sentiment: Wells Fargo reaffirmed its Equal Weight rating and set a $14 price target, reduced from $17. The target remains above the reference price, suggesting some potential upside, but the downgrade reflects a more cautious outlook. Wells Fargo Reaffirms Equal Weight Rating
• Negative Sentiment: Multiple analysts lowered their expectations. Canaccord Genuity cut its outlook for SRAD, while BTIG Research lowered its stock rating. The changes add to concerns about the company’s growth and valuation. Canaccord Genuity Lowers Expectations BTIG Lowers Sportradar Rating
• Negative Sentiment: Citizens JMP reduced its price target to $20, signaling less confidence in the shares even though the revised target remains above the current trading level. Citizens JMP Lowers Price Target
• Negative Sentiment: Truist Financial and Citigroup issued more pessimistic forecasts, reinforcing a broader analyst reset following the company’s latest results. Truist Financial Forecast Citigroup Forecast
• Negative Sentiment: SRAD reached a new 52-week low after an earnings miss. The company reported a quarterly loss per share and modest profitability, heightening concerns about execution and near-term growth. Sportradar Reaches New 52-Week Low After Earnings Miss
• Negative Sentiment: The earnings call highlighted cash generation and growth headwinds, adding to uncertainty about the pace of business expansion despite continued revenue growth. Sportradar Earnings Call Highlights

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.