Sportradar Group (NASDAQ:SRAD) Price Target Raised to $23.00

Sportradar Group (NASDAQ:SRAD) had its price target hoisted by equities research analysts at Needham & Company LLC from $19.00 to $23.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 51.62% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Sportradar Group from an “overweight” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Wednesday, May 27th. Stifel Nicolaus dropped their target price on Sportradar Group from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. BTIG Research cut 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. Guggenheim lowered their price objective on Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Benchmark dropped their price objective on Sportradar Group from $23.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.06.

Sportradar Group Price Performance

SRAD stock opened at $15.17 on Monday. The business’s 50-day moving average is $14.55 and its two-hundred day moving average is $18.14. 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 firm has a market capitalization of $4.54 billion, a P/E ratio of 63.21 and a beta of 1.64. Sportradar Group has a 1 year low of $11.66 and a 1 year high of $32.22.

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

Insider Activity

In other news, Director Deirdre Mary Bigley purchased 3,940 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $12.57 per share, for a total transaction of $49,525.80. Following the completion of the acquisition, the director directly owned 13,897 shares in the company, valued at $174,685.29. This represents a 39.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rajani Ramanathan acquired 8,003 shares of Sportradar Group stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $12.49 per share, for a total transaction of $99,957.47. Following the purchase, the director directly owned 38,947 shares of the company’s stock, valued at approximately $486,448.03. This trade represents a 25.86% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 357,893 shares of company stock valued at $4,668,220.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in Sportradar Group by 6.1% in the first quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock valued at $274,000 after purchasing an additional 937 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Sportradar Group by 168.5% in the 1st quarter. NewEdge Advisors LLC now owns 115,166 shares of the company’s stock valued at $1,928,000 after purchasing an additional 72,276 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Sportradar Group by 3.8% in the 1st quarter. Glenmede Trust Co. NA now owns 26,470 shares of the company’s stock valued at $443,000 after purchasing an additional 970 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Sportradar Group by 5.2% during the 1st quarter. Bank of America Corp DE now owns 1,386,833 shares of the company’s stock worth $23,216,000 after buying an additional 68,923 shares during the last quarter. Finally, Ashford Capital Management Inc. increased its holdings in shares of Sportradar Group by 35.7% during the 1st quarter. Ashford Capital Management Inc. now owns 719,570 shares of the company’s stock worth $12,046,000 after buying an additional 189,290 shares during the last quarter.

More Sportradar Group News

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

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.