JPMorgan Chase & Co. Issues Positive Forecast for Sportradar Group (NASDAQ:SRAD) Stock Price

Sportradar Group (NASDAQ:SRAD) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $16.00 to $17.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.11% from the stock’s previous close.

SRAD has been the topic of a number of other research reports. Guggenheim lowered their price objective on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Wells Fargo & Company decreased their target price on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Stifel Nicolaus lowered their price target on Sportradar Group from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. UBS Group reaffirmed a “buy” rating on shares of Sportradar Group in a report on Tuesday, June 9th. Finally, Truist Financial lowered their target price on Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.67.

Sportradar Group Stock Down 3.6%

SRAD stock opened at $15.03 on Wednesday. The stock has a market capitalization of $4.50 billion, a P/E ratio of 62.62 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. Sportradar Group has a 1-year low of $11.66 and a 1-year high of $32.22. The business has a fifty day moving average price of $14.39 and a 200-day moving average price of $16.81.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $417.86 million. During the same period last year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts forecast that Sportradar Group will post 0.4 earnings per share for the current fiscal year.

Insider Activity at Sportradar Group

In other news, Director William Kurtz acquired 8,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $12.97 per share, for a total transaction of $103,760.00. Following the transaction, the director directly owned 30,179 shares of the company’s stock, valued at approximately $391,421.63. This trade represents a 36.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Carsten Koerl acquired 143,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $13.23 per share, for a total transaction of $1,891,890.00. Following the completion of the transaction, the chief executive officer directly owned 2,278,272 shares in the company, valued at approximately $30,141,538.56. This trade represents a 6.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 357,893 shares of company stock worth $4,668,220 in the last 90 days.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its holdings in Sportradar Group by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock valued at $287,158,000 after acquiring an additional 1,929,037 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Sportradar Group by 14.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock worth $85,421,000 after acquiring an additional 409,545 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of Sportradar Group in the fourth quarter worth about $75,117,000. Stephens Investment Management Group LLC grew its position in shares of Sportradar Group by 40.7% during the first quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock worth $52,167,000 after purchasing an additional 901,619 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Sportradar Group by 0.5% during the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock valued at $80,383,000 after purchasing an additional 15,394 shares during the period.

Sportradar Group News Roundup

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

• Negative Sentiment: Multiple firms, including Hagens Berman, Kahn Swick & Foti, Rosen, Faruqi & Faruqi, and others, reminded investors of a pending securities class action against Sportradar and a July 17 lead-plaintiff deadline, keeping legal uncertainty in focus. Article Title
• Negative Sentiment: HBSS said it is investigating claims after short-seller reports allegedly exposed illegal gambling ties, which adds reputational risk and could hurt investor confidence in Sportradar. Article Title
• Neutral Sentiment: The class period cited in the lawsuits runs from November 7, 2024 to April 21, 2026, so investors from that window are being urged to seek lead-plaintiff status or legal counsel. Article Title

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.