Citigroup Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $23.00

Sportradar Group (NASDAQ:SRAD) had its target price lowered by Citigroup from $28.00 to $23.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus lowered their target price on Sportradar Group from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday. Needham & Company LLC decreased their price target on Sportradar Group from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday. BTIG Research decreased their price target on Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group decreased their price target on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Finally, Benchmark restated a “buy” rating on shares of Sportradar Group in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.94.

Sportradar Group Stock Up 1.6%

NASDAQ SRAD opened at $13.26 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.17 and a current ratio of 1.06. The company has a market capitalization of $3.97 billion, a P/E ratio of 55.25 and a beta of 1.66. Sportradar Group has a one year low of $11.66 and a one year high of $32.22. The stock has a 50 day moving average price of $17.13 and a 200-day moving average price of $20.24.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The firm had revenue of $401.11 million for 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 firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. As a group, equities analysts predict that Sportradar Group will post 0.47 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its holdings in Sportradar Group by 93.1% during the 4th 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 during the period. Empowered Funds LLC purchased a new stake in Sportradar Group in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new stake in Sportradar Group in the fourth quarter worth $45,000. Tower Research Capital LLC TRC increased its stake in Sportradar Group by 10,125.0% in the second 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 during the period. Finally, CWM LLC increased its stake in Sportradar Group by 316.0% in 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 period.

Sportradar Group News Summary

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.