WASHINGTON TRUST Co Buys New Shares in Sportradar Group AG $SRAD

WASHINGTON TRUST Co purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the fourth quarter, HoldingsChannel reports. The firm purchased 116,630 shares of the company’s stock, valued at approximately $2,772,000.

A number of other institutional investors have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its position in Sportradar Group by 14.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock worth $85,421,000 after buying an additional 409,545 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Sportradar Group by 0.5% in the third quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock valued at $80,383,000 after buying an additional 15,394 shares during the period. UBS Group AG boosted its stake in shares of Sportradar Group by 107.1% in the fourth quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock valued at $56,908,000 after buying an additional 1,238,054 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $52,643,000. Finally, Bank of America Corp DE boosted its stake in shares of Sportradar Group by 491.6% in the third quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock valued at $46,495,000 after buying an additional 1,436,263 shares during the period.

Sportradar Group News Roundup

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

• Negative Sentiment: Multiple law firms, including Rosen, Hagens Berman, Schall, Faruqi & Faruqi, and others, reiterated or announced class action claims against Sportradar, with lead-plaintiff deadlines centered on July 17, 2026. Article: Rosen encourages Sportradar investors to secure counsel
• Negative Sentiment: The lawsuits stem from accusations that Sportradar used an illegal business model and made misleading statements about compliance and revenue, which could raise legal, regulatory, and reputational risks. Article: Hagens Berman on SRAD class action
• Neutral Sentiment: One item noted that brokerage coverage still shows a consensus recommendation of “Moderate Buy,” suggesting Wall Street sentiment has not fully deteriorated despite the litigation overhang.

Analyst Upgrades and Downgrades

SRAD has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Citizens Jmp cut their price target on Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 4th. The Goldman Sachs Group cut their price target on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. UBS Group cut their price target on Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Guggenheim cut their price target on Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.82.

Sportradar Group Trading Up 1.2%

Shares of SRAD stock opened at $13.21 on Friday. The company has a 50 day moving average of $15.10 and a 200-day moving average of $18.48. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. Sportradar Group AG has a 12-month low of $11.66 and a 12-month high of $32.22. The firm has a market cap of $3.96 billion, a P/E ratio of 55.04 and a beta of 1.65.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share 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 business had revenue of $401.11 million during the quarter, compared to analysts’ expectations of $417.86 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that Sportradar Group AG will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In other Sportradar Group news, CEO Carsten Koerl acquired 143,000 shares of Sportradar Group stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $13.23 per share, for a total transaction of $1,891,890.00. Following the purchase, the chief executive officer owned 2,278,272 shares of the company’s stock, valued at approximately $30,141,538.56. This represents a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Fleet acquired 7,850 shares of Sportradar Group stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $12.73 per share, with a total value of $99,930.50. Following the completion of the purchase, the director directly owned 160,873 shares in the company, valued at $2,047,913.29. This represents a 5.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 357,893 shares of company stock worth $4,668,220 in the last three months. Insiders own 85.02% of the company’s stock.

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.