Sportradar Group (NASDAQ:SRAD) Cut to “Neutral” at BTIG Research

BTIG Research downgraded shares of Sportradar Group (NASDAQ:SRAD) from a buy rating to a neutral rating in a research report report published on Tuesday morning, MarketBeat Ratings reports.

Several other analysts have also recently issued reports on SRAD. JPMorgan Chase & Co. upped their price objective on Sportradar Group from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Guggenheim decreased their target price on Sportradar Group from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday. Citigroup reiterated a “market outperform” rating on shares of Sportradar Group in a report on Tuesday. UBS Group reissued a “buy” rating on shares of Sportradar Group in a research report on Tuesday, June 9th. Finally, Benchmark restated a “buy” rating on shares of Sportradar Group in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.31.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $12.70 on Tuesday. The firm has a market cap of $3.80 billion, a PE ratio of 211.70 and a beta of 1.61. 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 debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 0.98. Sportradar Group has a 1 year low of $11.55 and a 1 year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) EPS for the quarter. The company 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%. Equities analysts forecast that Sportradar Group will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently bought and sold shares of SRAD. Caitong International Asset Management Co. Ltd boosted its stake in 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 bought a new position in shares of Sportradar Group during the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Sportradar Group during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC raised its position in shares of Sportradar Group by 10,125.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the period. Finally, CWM LLC lifted its holdings in shares of Sportradar Group by 316.0% in the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares during the last quarter.

Key Sportradar Group News

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.