Benchmark Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $16.00

Sportradar Group (NASDAQ:SRAD) had its price objective reduced by Benchmark from $23.00 to $16.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on SRAD. Morgan Stanley boosted their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Citizens Jmp dropped their target price on shares of Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 4th. Stifel Nicolaus dropped their target price on shares of Sportradar Group from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus price target of $24.94.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $13.26 on Wednesday. The stock has a market cap of $3.97 billion, a P/E ratio of 55.25 and a beta of 1.66. The firm’s fifty day simple moving average is $17.13 and its 200 day simple moving average is $20.24. Sportradar Group has a twelve month low of $11.66 and a twelve month high of $32.22. The company has a quick ratio of 1.17, a current 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, April 28th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. As a group, research analysts predict that Sportradar Group will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds have recently bought and sold shares of SRAD. Caitong International Asset Management Co. Ltd boosted its stake in Sportradar Group by 93.1% in the 4th 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 in the last quarter. Empowered Funds LLC bought a new position in Sportradar Group in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new position in Sportradar Group in the 4th quarter worth about $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 boosted its stake in Sportradar Group by 316.0% in 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 in the last quarter.

Key Sportradar Group News

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

• Positive Sentiment: Needham initiated/maintained a buy on SRAD, which can support upside by encouraging risk‑on flows from institutional investors. Sportradar Group AG (SRAD) Gets a Buy from Needham
• Positive Sentiment: Sportradar expanded its undrawn revolving credit facility to €250 million, improving liquidity and giving the company financial flexibility to weather legal and operational headwinds. Sportradar Expands Undrawn Revolving Credit Facility to €250 Million
• Neutral Sentiment: UBS lowered its price target from $35 to $30 but kept a “buy” rating — a mixed signal: less upside baked into the consensus but continued analyst conviction can support buying interest. Benzinga coverage of UBS price target change
• Neutral Sentiment: Broader analyst commentary pieces are circulating (analyst insights on technology names including SRAD), contributing to volatility but not altering the core legal/operational story. Analysts Offer Insights on Technology Companies: Sportradar Group AG (SRAD)…
• Negative Sentiment: Multiple law firms (Bleichmar Fonti & Auld; Pomerantz; Rosen; Kessler Topaz; Levi & Korsinsky) have opened investigations or announced potential securities class actions against Sportradar, citing alleged misleading statements and investor losses — this legal wave increases liability risk, potential litigation costs, and investor uncertainty. Investor Notice: Sportradar Group ($SRAD) may have Committed Securities Fraud Pomerantz law firm investigation Rosen law firm notice
• Negative Sentiment: Allegations from short‑sellers/research firms (Muddy Waters Capital and Callisto Research) that Sportradar may have facilitated illegal gambling distribution precipitated a sharp April selloff (~22% on April 22) and remain a material reputational and regulatory overhang. SRAD Investor Alert re: alleged misleading statements and Muddy Waters
• Negative Sentiment: Q1 weakness and subsequent analyst downgrades pushed SRAD to a 52‑week low; that operational performance shortfall is a separate drag from the legal risks and helps explain elevated volatility. InsiderMonkey: SRAD hits 52-week low after Q1

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.