Citizens Jmp Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $20.00

Sportradar Group (NASDAQ:SRAD) had its price target trimmed by Citizens Jmp from $24.00 to $20.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a market outperform rating on the stock.

SRAD has been the subject of a number of other reports. Guggenheim reduced their target price on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday. BTIG Research cut shares of Sportradar Group from a “buy” rating to a “neutral” rating in a report on Tuesday. Morgan Stanley lifted their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Truist Financial reduced their price objective on shares of Sportradar Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group cut shares of Sportradar Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $30.00 to $14.00 in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.31.

Sportradar Group Trading Up 0.4%

Shares of NASDAQ:SRAD opened at $12.70 on Tuesday. Sportradar Group has a 12-month low of $11.55 and a 12-month high of $32.22. The business’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $15.88. The company has a market capitalization of $3.80 billion, a PE 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.

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

Institutional Investors Weigh In On Sportradar Group

Several institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 valued at $31,000 after acquiring an additional 620 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Sportradar Group in the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in Sportradar Group in the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted 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 worth $46,000 after purchasing an additional 1,620 shares in the last quarter. Finally, CWM LLC grew its position in Sportradar Group by 316.0% during the 4th 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.

More Sportradar Group News

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

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.