Sportradar Group (NASDAQ:SRAD) Price Target Lowered to $24.00 at Citizens Jmp

Sportradar Group (NASDAQ:SRAD) had its price objective cut by Citizens Jmp from $26.00 to $24.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research analysts have also recently issued reports on SRAD. JPMorgan Chase & Co. cut shares of Sportradar Group from an “overweight” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Wednesday, May 27th. BTIG Research cut their target price on Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Needham & Company LLC boosted their target price on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, June 8th. Morgan Stanley upped their target price on Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Truist Financial dropped their price target on Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.60.

Sportradar Group Stock Up 1.9%

SRAD stock opened at $16.16 on Wednesday. The company’s 50 day moving average price is $14.19 and its 200 day moving average price is $17.03. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 67.33 and a beta of 1.60. Sportradar Group has a fifty-two week low of $11.66 and a fifty-two week high of $32.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insider Transactions at Sportradar Group

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 shares were purchased at an average price of $12.57 per share, with a total value of $49,525.80. Following the completion of the acquisition, the director directly owned 13,897 shares of the company’s stock, valued at approximately $174,685.29. The trade was a 39.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William Kurtz purchased 8,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $12.97 per share, for a total transaction of $103,760.00. Following the completion of the purchase, the director owned 30,179 shares in the company, valued at approximately $391,421.63. This trade represents a 36.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 357,893 shares of company stock valued at $4,668,220. 85.02% of the stock is owned by company insiders.

Institutional Trading of Sportradar Group

A number of hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sportradar Group in the 1st quarter worth about $573,000. Goldman Sachs Group Inc. increased its holdings in shares of Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after purchasing an additional 388,769 shares during the period. Geode Capital Management LLC lifted its position in shares of Sportradar Group by 5.3% in the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after purchasing an additional 9,162 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Sportradar Group during the second quarter worth approximately $316,000. Finally, Legal & General Group Plc acquired a new stake in shares of Sportradar Group during the second quarter worth approximately $260,000.

Key Sportradar Group News

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

• Negative Sentiment: HBSS said it is investigating Sportradar in connection with a securities class action tied to short-seller claims about alleged illegal gambling ties. HBSS Investigates Sportradar Group AG (SRAD) Securities Class Action Claims After Short Seller Reports Expose Alleged Illegal Gambling Ties
• Negative Sentiment: Several law firms, including Robbins LLP, Faruqi & Faruqi, and Rosen, continued urging investors to seek lead-plaintiff status by the July 17 deadline, signaling the lawsuit is moving forward and keeping legal risk front and center. SRAD Lead Plaintiff Deadline Approaching: Robbins LLP Urges Stockholders to Contact the Firm for Information in Advance of the July 17, 2026 Deadline
• Negative Sentiment: Additional class-action notices from Kessler Topaz, Pomerantz, Bernstein Liebhard, Portnoy, and others reinforced allegations of securities fraud and investor harm, which can increase uncertainty around SRAD shares. SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Sportradar Group AG (SRAD)
• Neutral Sentiment: Citizens JMP lowered its price target on Sportradar to $24 from $26, but kept an “market outperform” rating, suggesting analysts still see meaningful upside despite the legal overhang. Benzinga report on Citizens JMP price target cut for Sportradar Group

Sportradar Group Company Profile

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.