JPMorgan Chase & Co. Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its target price increased by JPMorgan Chase & Co. from $16.00 to $17.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently issued reports on SRAD. BTIG Research reduced their target price 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. Citigroup dropped their price target on Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, June 9th. Citizens Jmp decreased their price target on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group lowered shares of Sportradar Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $30.00 to $14.00 in a report on Friday, April 24th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Sportradar Group Stock Up 0.5%

Shares of SRAD opened at $15.10 on Wednesday. Sportradar Group has a 1 year low of $11.66 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day simple moving average of $14.43 and a two-hundred day simple moving average of $16.75. The firm has a market cap of $4.52 billion, a P/E ratio of 62.92 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The company had revenue of $401.11 million for 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 firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, analysts forecast that Sportradar Group will post 0.4 earnings per share for the current fiscal year.

Insider Transactions at Sportradar Group

In other Sportradar Group news, CEO Carsten Koerl acquired 143,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $13.23 per share, with a total value of $1,891,890.00. Following the completion of the transaction, the chief executive officer directly owned 2,278,272 shares of the company’s stock, valued at approximately $30,141,538.56. This represents a 6.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Kurtz purchased 8,000 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $12.97 per share, with a total value 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 ninety days, insiders have bought 357,893 shares of company stock valued at $4,668,220. Insiders own 85.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SRAD. Caitong International Asset Management Co. Ltd lifted its stake in shares of Sportradar Group by 93.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after buying an additional 620 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Sportradar Group during the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Sportradar Group during the fourth quarter worth about $45,000. Tower Research Capital LLC TRC raised its stake in Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after purchasing an additional 1,620 shares during the period. Finally, CWM LLC grew its holdings in Sportradar Group by 316.0% during the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after buying an additional 1,880 shares in the last quarter.

Key Sportradar Group News

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

• Positive Sentiment: JPMorgan lifted its price target on Sportradar Group AG (SRAD) to $17 from $16, signaling slightly improved valuation expectations despite keeping a neutral view. Benzinga report on JPMorgan price target increase
• Neutral Sentiment: Multiple law firms issued reminders and deadline alerts tied to a securities class-action lawsuit against Sportradar, with a July 17 lead-plaintiff deadline, keeping litigation risk in focus for investors. Rosen Law Firm deadline alert
• Neutral Sentiment: Other firms, including HBSS, Glancy Prongay Wolke & Rotter, Faruqi & Faruqi, Pomerantz, KSF, and others, also repeated class-action notices, reinforcing uncertainty around alleged disclosure issues and potential legal costs. HBSS investigation announcement

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.