JPMorgan Chase & Co. Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $15.00

Sportradar Group (NASDAQ:SRAD) had its price target reduced by JPMorgan Chase & Co. from $17.00 to $15.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Thursday, July 9th. Citigroup reaffirmed a “market outperform” rating on shares of Sportradar Group in a research report on Tuesday. Zacks Research lowered Sportradar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Stifel Nicolaus cut their price objective on Sportradar Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group downgraded Sportradar Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $14.00 in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.31.

Sportradar Group Trading Up 0.4%

Shares of SRAD opened at $12.70 on Tuesday. Sportradar Group has a twelve month low of $11.55 and a twelve month high of $32.22. The firm has a market capitalization of $3.80 billion, a P/E ratio of 211.70 and a beta of 1.61. The company has a current ratio of 0.98, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $15.88.

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

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC acquired a new position in shares of Sportradar Group in the second quarter worth about $61,000. Assenagon Asset Management S.A. acquired a new stake in Sportradar Group during the 2nd quarter valued at approximately $32,811,000. Byrne Asset Management LLC acquired a new stake in Sportradar Group during the 2nd quarter valued at approximately $176,000. Parallel Advisors LLC grew its stake in Sportradar Group by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock valued at $274,000 after purchasing an additional 937 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Sportradar Group by 168.5% during the 1st quarter. NewEdge Advisors LLC now owns 115,166 shares of the company’s stock worth $1,928,000 after purchasing an additional 72,276 shares during the last quarter.

Sportradar Group News Summary

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.