Wells Fargo & Company Cuts Sportradar Group (NASDAQ:SRAD) Price Target to $17.00

Sportradar Group (NASDAQ:SRAD) had its price target lowered by Wells Fargo & Company from $24.00 to $17.00 in a report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also weighed in on SRAD. Jefferies Financial Group lowered shares of Sportradar Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $30.00 to $14.00 in a research report on Friday, April 24th. BTIG Research cut their target price on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus cut their target price on shares of Sportradar Group from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial cut their target price on shares of Sportradar Group from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Citizens Jmp cut their target price on shares of Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.94.

Sportradar Group Price Performance

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

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company 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%. Sportradar Group’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. On average, research analysts expect that Sportradar Group will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Sportradar Group

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Sportradar Group by 93.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after acquiring an additional 620 shares during the period. Empowered Funds LLC purchased a new stake in Sportradar Group in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in Sportradar Group in the fourth quarter valued at approximately $45,000. Tower Research Capital LLC TRC raised 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 valued at $46,000 after purchasing an additional 1,620 shares in the last quarter. Finally, CWM LLC raised its stake in Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after purchasing an additional 1,880 shares in the last quarter.

Key Headlines Impacting Sportradar Group

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.