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

Sportradar Group (NASDAQ:SRAD) had its price objective dropped by analysts at Truist Financial from $18.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 26.83% from the stock’s previous close.

Several other equities research analysts also recently issued reports on SRAD. Wells Fargo & Company set a $20.00 price target on Sportradar Group in a report on Tuesday. Needham & Company LLC dropped their price objective on shares of Sportradar Group from $23.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday. Guggenheim cut their target price on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday. Citigroup reaffirmed a “market outperform” rating on shares of Sportradar Group in a report on Tuesday. Finally, Stifel Nicolaus decreased their price target on shares of Sportradar Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.56.

Sportradar Group Stock Performance

NASDAQ:SRAD traded up $0.28 on Tuesday, hitting $12.62. The company’s stock had a trading volume of 2,505,291 shares, compared to its average volume of 3,049,620. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $14.81 and a two-hundred day moving average of $16.03. The firm has a market capitalization of $3.78 billion, a P/E ratio of 52.35 and a beta of 1.61. Sportradar Group has a one year low of $11.55 and a one year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Tuesday, June 30th. The company reported ($0.01) EPS for the quarter. The business had revenue of $431.19 million for the quarter. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%. Research analysts predict that Sportradar Group will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently modified their holdings of SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sportradar Group during the first quarter worth about $573,000. Goldman Sachs Group Inc. raised its stake in Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after purchasing an additional 388,769 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sportradar Group by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after purchasing an additional 9,162 shares during the period. Cetera Investment Advisers acquired a new position in shares of Sportradar Group during the 2nd quarter worth approximately $316,000. Finally, Legal & General Group Plc acquired a new position in shares of Sportradar Group during the 2nd quarter worth approximately $260,000.

Key Stories Impacting Sportradar Group

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

• Positive Sentiment: Revenue increased 19% year over year to €378 million, while Adjusted EBITDA rose 19% to €76 million and the margin expanded to 20.2%. Operating cash flow increased 20% to €117 million and free cash flow rose 14% to €59 million. Sportradar Reports Second Quarter 2026 Financial Results
• Positive Sentiment: New multi-year agreements with prediction-market platforms Kalshi and Polymarket expand Sportradar’s potential addressable market, while the Wimbledon rights extension and broader iGaming initiatives support future growth.
• Positive Sentiment: Sportradar repurchased $140 million of stock during the quarter and maintained substantial liquidity with no debt outstanding under its expanded €250 million revolving credit facility.
• Positive Sentiment: Despite lower targets, Citizens JMP retained a “market outperform” rating with a $20 target, and Canaccord Genuity retained a “buy” rating with a $24 target—both implying considerable potential upside.

About Sportradar Group

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.