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

Sportradar Group (NASDAQ:SRAD) had its price target decreased by Citigroup from $23.00 to $20.00 in a research report released on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other brokerages have also issued reports on SRAD. Canaccord Genuity Group dropped their price objective on Sportradar Group from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday. Guggenheim cut their price target on Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday. BTIG Research lowered Sportradar Group from a “buy” rating to a “neutral” rating in a research report on Tuesday. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a research note on Tuesday, June 9th. Finally, Jefferies Financial Group downgraded Sportradar Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $14.00 in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $20.31.

Sportradar Group Trading Up 0.4%

Shares of Sportradar Group stock opened at $12.70 on Tuesday. The company has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $15.88. Sportradar Group has a 12-month low of $11.55 and a 12-month high of $32.22. 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 has a market cap of $3.80 billion, a price-to-earnings ratio of 211.70 and a beta of 1.61.

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

Hedge Funds Weigh In On Sportradar Group

Several institutional investors have recently added to or reduced their stakes in SRAD. Jericho Capital Asset Management L.P. acquired a new position in shares of Sportradar Group in the fourth quarter valued at approximately $75,117,000. Spruce House Investment Management LLC acquired a new stake in shares of Sportradar Group during the first quarter worth $46,035,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Sportradar Group by 963.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after purchasing an additional 2,231,810 shares during the period. Stephens Investment Management Group LLC purchased a new position in Sportradar Group in the 4th quarter valued at $52,643,000. Finally, Assenagon Asset Management S.A. purchased a new position in Sportradar Group in the 2nd quarter valued at $32,811,000.

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.