Benchmark Has Lowered Expectations for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its price objective reduced by analysts at Benchmark from $23.00 to $16.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target would suggest a potential upside of 26.73% from the stock’s previous close.

Several other analysts have also recently commented on SRAD. Morgan Stanley raised their price target on Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Jefferies Financial Group cut Sportradar Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $30.00 to $14.00 in a report on Friday, April 24th. Needham & Company LLC reduced their price target on Sportradar Group from $27.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup reduced their price target on Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday. Finally, BTIG Research reduced their price target on Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.24.

Sportradar Group Stock Performance

Shares of SRAD stock traded up $0.28 during midday trading on Wednesday, hitting $12.63. The company had a trading volume of 3,936,654 shares, compared to its average volume of 3,292,967. The company’s 50 day simple moving average is $17.31 and its 200 day simple moving average is $20.34. Sportradar Group has a 52-week low of $11.66 and a 52-week high of $32.22. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 38.26 and a beta of 1.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The company had revenue of $401.11 million during the quarter, compared to analysts’ expectations of $417.86 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts anticipate that Sportradar Group will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC raised its holdings in Sportradar Group by 2.1% during the second quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock worth $526,000 after purchasing an additional 394 shares during the last quarter. Mindset Wealth Management LLC raised its holdings in Sportradar Group by 5.5% during the third quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock worth $242,000 after purchasing an additional 466 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Sportradar Group by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock worth $260,000 after purchasing an additional 489 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Sportradar Group by 93.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after purchasing an additional 620 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in Sportradar Group by 7.7% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,745 shares of the company’s stock worth $356,000 after purchasing an additional 1,055 shares during the last quarter.

Trending Headlines about Sportradar Group

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

• Positive Sentiment: Sportradar announced Q1 results showing revenue growth, improved Adjusted EBITDA and strong operating cash flow, and it launched/expanded a $250 million open‑market share repurchase program (management has already repurchased $90M). These items support buyback-driven demand and signal management confidence. Sportradar Q1 results & $250M repurchase
• Positive Sentiment: Sportradar named Sameer Deen as COO (effective May 18), a senior industry hire with sports‑betting and commercial experience — a governance/ops pickup investors see as constructive for execution. COO appointment
• Neutral Sentiment: Q1 EPS missed consensus (reported (€0.02)/$0.02 loss vs. $0.06 expected) and revenue came in below estimates, though top‑line growth and margins showed improvement; investors will watch full-call details and guidance execution. Earnings miss
• Negative Sentiment: Short‑seller reports from Muddy Waters and Callisto allege Sportradar’s partner distribution model facilitated illegal gambling; those reports triggered a >20% share collapse on April 22 and prompted numerous securities‑law firm investigations — a material legal/reputational overhang. Securities fraud investigation / short-seller allegations
• Negative Sentiment: Multiple law firms (Pomerantz, BFA, Kessler Topaz, Block & Leviton, Kirby McInerney, etc.) have opened investigations/alerts for affected investors, increasing the chance of litigation and ongoing headline risk. Pomerantz investor alert
• Negative Sentiment: Several sell‑side firms trimmed price targets this morning (Wells Fargo, Truist, Stifel, BTIG, Needham) even while many retained buy/overweight ratings — cuts reduce upside assumptions and may cap near‑term recovery. Analyst price target cuts (Benzinga)

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.