Sportradar Group (NASDAQ:SRAD) Stock Rating Lowered by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. downgraded Sportradar Group from overweight to neutral and kept a $16 price target, implying about 23% upside from the prior close.
• Other analysts have turned more cautious as well, with multiple recent target price cuts and one firm reiterating a sell rating. The stock currently carries a consensus rating of Moderate Buy with an average target of $23.82.
• Sportradar recently missed earnings expectations and is facing class action lawsuits tied to allegations about its business model and revenue sources following a sharp share-price drop earlier this year.

Sportradar Group (NASDAQ:SRAD - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued to investors on Wednesday. They presently have a $16.00 target price on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 23.17% from the stock's previous close.

A number of other equities analysts have also weighed in on SRAD. Jefferies Financial Group lowered Sportradar Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $30.00 to $14.00 in a research note on Friday, April 24th. Needham & Company LLC decreased their target price on Sportradar Group from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Weiss Ratings restated a "sell (d+)" rating on shares of Sportradar Group in a research note on Friday, March 27th. Citigroup decreased their target price on Sportradar Group from $28.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Finally, Benchmark decreased their target price on Sportradar Group from $23.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.82.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $12.99 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06. Sportradar Group has a 52-week low of $11.66 and a 52-week high of $32.22. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 54.13 and a beta of 1.65. The business's fifty day moving average is $15.41 and its 200 day moving average is $18.66.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.08). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company had revenue of $401.11 million for the quarter, compared to the consensus estimate of $417.86 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts predict that Sportradar Group will post 0.4 EPS for the current year.

Insider Activity

In other news, Director George Fleet acquired 7,850 shares of Sportradar Group stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $12.73 per share, for a total transaction of $99,930.50. Following the transaction, the director owned 160,873 shares of the company's stock, valued at $2,047,913.29. This trade represents a 5.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Marc Walder acquired 66,000 shares of Sportradar Group stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $12.77 per share, for a total transaction of $842,820.00. Following the completion of the transaction, the director directly owned 342,563 shares in the company, valued at approximately $4,374,529.51. The trade was a 23.86% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 357,893 shares of company stock worth $4,668,220. 85.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sportradar Group

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

Sportradar Group News Roundup

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

• Negative Sentiment: Multiple law firms announced or promoted class action lawsuits against Sportradar, with a key deadline of July 17, 2026 for investors to seek lead-plaintiff status. Article Title
• Negative Sentiment: The lawsuits cite allegations that Sportradar made material misstatements or omissions regarding its involvement with black-market gambling operators and the legality of part of its revenue sources. Article Title
• Negative Sentiment: The legal actions stem from the April 22 share collapse after short-seller reports from Muddy Waters Research and Callisto Research accused Sportradar of misleading investors about its business model and revenue sources. Article Title
• Neutral Sentiment: Several firms are reminding investors who bought shares between November 7, 2024 and April 21, 2026 to contact counsel about potential recovery in the pending securities fraud case. 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.

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