Sportradar Group’s (SRAD) “Equal Weight” Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reaffirmed their equal weight rating on shares of Sportradar Group (NASDAQ:SRAD) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Wells Fargo & Company currently has a $14.00 price target on the stock, down from their previous price target of $17.00.

Several other equities analysts have also recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, June 9th. Benchmark restated a “buy” rating on shares of Sportradar Group in a research note on Thursday, July 9th. Needham & Company LLC dropped their price objective on Sportradar Group from $23.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus cut their price objective on Sportradar Group from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Guggenheim decreased their target price on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.31.

Sportradar Group Stock Up 0.4%

Shares of NASDAQ:SRAD opened at $12.70 on Tuesday. Sportradar Group has a fifty-two week low of $11.55 and a fifty-two week high of $32.22. The company has a quick ratio of 1.06, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $14.80 and its 200-day simple moving average is $15.88. The company 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 quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $431.19 million for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. As a group, equities research analysts predict that Sportradar Group will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Sportradar Group

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sportradar Group during the first quarter worth $573,000. Goldman Sachs Group Inc. increased its position in shares of Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after buying an additional 388,769 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sportradar Group by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after buying an additional 9,162 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Sportradar Group during the 2nd quarter worth $316,000. Finally, Legal & General Group Plc purchased a new stake in shares of Sportradar Group in the 2nd quarter worth about $260,000.

Sportradar Group News Roundup

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.