Sportradar Group AG (NASDAQ:SRAD) Receives $23.56 Consensus Price Target from Brokerages

Sportradar Group AG (NASDAQ:SRAD) has received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $23.5625.

SRAD has been the topic of a number of recent research reports. Needham & Company LLC upped their price target on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Citigroup decreased their price objective on Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. The Goldman Sachs Group decreased their price objective on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. Wells Fargo & Company decreased their price objective on Sportradar Group from $24.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, UBS Group reiterated a “buy” rating on shares of Sportradar Group in a research note on Tuesday, June 9th.

More Sportradar Group News

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

• Positive Sentiment: No major positive company-specific catalysts were reported in the latest batch of articles.
• Neutral Sentiment: Several law firms, including Hagens Berman, Glancy Prongay Wolke, Bronstein Gewirtz, The Gross Law Firm, Rosen, Schall, Pomerantz, and others, issued investor alerts related to the same class-action case, increasing visibility around the litigation. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in reported shares short, though the stock remains heavily influenced by recent controversy and investor uncertainty.
• Negative Sentiment: The class-action lawsuits and investigations center on claims that Sportradar made false or misleading statements, which could create legal costs, management distraction, and reputational damage. Article Title
• Negative Sentiment: The stock previously suffered a sharp drop after Muddy Waters Research and Callisto Research alleged that Sportradar’s business model and revenue sources were tied to illegal gambling activity, fueling the current selloff and ongoing investor concern. Article Title

Sportradar Group Stock Up 2.8%

Shares of NASDAQ SRAD opened at $14.85 on Tuesday. Sportradar Group has a one year low of $11.66 and a one year high of $32.22. 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 business’s fifty day moving average price is $14.18 and its 200-day moving average price is $17.49. The stock has a market capitalization of $4.45 billion, a PE ratio of 61.88 and a beta of 1.63.

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

Insider Activity at Sportradar Group

In related news, Director Deirdre Mary Bigley acquired 3,940 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $12.57 per share, for a total transaction of $49,525.80. Following the purchase, the director owned 13,897 shares in the company, valued at $174,685.29. This trade represents a 39.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Kurtz bought 8,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $12.97 per share, for a total transaction of $103,760.00. Following the completion of the purchase, the director directly owned 30,179 shares in the company, valued at approximately $391,421.63. The trade was a 36.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 357,893 shares of company stock worth $4,668,220 in the last 90 days. 85.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors have recently added to or reduced their stakes in SRAD. Jericho Capital Asset Management L.P. bought a new position in Sportradar Group in the 4th quarter worth about $75,117,000. Spruce House Investment Management LLC bought a new stake in shares of Sportradar Group during the 1st quarter worth $46,035,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Sportradar Group by 963.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after acquiring an additional 2,231,810 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Sportradar Group during the 4th quarter worth $52,643,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Sportradar Group by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock worth $287,158,000 after acquiring an additional 1,929,037 shares during the last quarter.

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.