Sportradar Group (NASDAQ:SRAD) Price Target Cut to $24.00 by Analysts at Canaccord Genuity Group

Sportradar Group (NASDAQ:SRAD) had its price target lowered by Canaccord Genuity Group from $28.00 to $24.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 94.49% from the stock’s previous close.

Several other equities research analysts have also recently commented on SRAD. UBS Group restated a “buy” rating on shares of Sportradar Group in a research note on Tuesday, June 9th. Guggenheim set a $26.00 target price on shares of Sportradar Group in a research note on Monday. Freedom Capital raised shares of Sportradar Group to a “strong-buy” rating in a report on Monday, July 20th. Jefferies Financial Group cut shares of Sportradar Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $30.00 to $14.00 in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sportradar Group from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.25.

Sportradar Group Stock Performance

Shares of SRAD opened at $12.34 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The firm has a market cap of $3.70 billion, a PE ratio of 51.42 and a beta of 1.61. The company’s 50 day simple moving average is $14.81 and its 200-day simple moving average is $16.03. Sportradar Group has a 12-month low of $11.55 and a 12-month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The business had revenue of $431.19 million for the quarter. As a group, equities analysts predict that Sportradar Group will post 0.39 EPS for the current year.

Institutional Trading of Sportradar Group

A number of institutional investors have recently added to or reduced their stakes in SRAD. Caitong International Asset Management Co. Ltd increased its holdings in Sportradar Group by 93.1% in the fourth 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 acquired a new stake in shares of Sportradar Group in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in Sportradar Group in the 4th quarter valued at approximately $45,000. Tower Research Capital LLC TRC increased its stake in Sportradar Group by 10,125.0% in 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 in the last quarter. Finally, CWM LLC raised its holdings in Sportradar Group by 316.0% during the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares during the last quarter.

Key Sportradar Group News

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

• Positive Sentiment: Second-quarter revenue increased 19% year over year to €378 million, while Adjusted EBITDA rose 19% to €76 million and the margin expanded to 20.2%. Operating cash flow increased 20% to €117 million and free cash flow rose 14% to €59 million. Sportradar Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Sportradar raised or reaffirmed a solid 2026 outlook, targeting 19%–21% constant-currency revenue growth, reported revenue of approximately €1.518 billion–€1.533 billion, and Adjusted EBITDA of €360 million–€368 million. The company also expects free-cash-flow conversion to exceed 2025 levels.
• Positive Sentiment: New multiyear partnerships with prediction-market platforms Kalshi and Polymarket expand Sportradar’s addressable market, while the Wimbledon data and audiovisual-rights extension supports its premium sports-content portfolio.
• Positive Sentiment: The company repurchased $140 million of stock during the quarter and had no debt outstanding, although cash declined because of buybacks and sports-rights investments.
• Neutral Sentiment: Unusually high options activity accompanied the results: traders purchased 6,951 call contracts, about 77% above average volume. This may indicate speculative bullish interest but does not establish a lasting change in investor sentiment.
• Negative Sentiment: Reported EPS was a $0.01 loss, missing the roughly $0.06–$0.07 consensus estimate and declining from a profit a year earlier. Revenue also modestly missed expectations, with one market report citing $431.19 million versus a $435.95 million forecast. Sportradar shares tumble after Q2 revenue miss
• Negative Sentiment: Sportradar posted a €4 million quarterly loss, compared with €49 million of profit in the prior-year period. A €9 million unrealized foreign-currency loss—versus a €54 million gain previously—more than offset the company’s operating improvement.
• Negative Sentiment: Moderating U.S. market growth, unfavorable currency movements, higher sports-rights costs and severance expenses are weighing on near-term earnings quality. The results miss is particularly negative for a stock trading at a high earnings multiple, making the shares sensitive to weaker profitability and guidance concerns.

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.