<div id="readability-page-1"><p><span>Sportradar Group (NASDAQ:SRAD - Get Free Report)</span> had its price target lowered by research analysts at Wells Fargo &amp; Company  from $30.00 to $26.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an &#34;overweight&#34; rating on the stock. Wells Fargo &amp; Company's target price suggests a potential upside of 30.55% from the company's current price.</p><div><p><span></span><span>Get <strong>Sportradar Group</strong> alerts:</span></p></div><ul><li>Sportradar Rides the Sports Betting Trend From Behind the Curtain</li></ul><p>Other equities research analysts have also recently issued reports about the company. Zacks Research cut Sportradar Group from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, September 30th. Citizens Jmp dropped their price target on shares of Sportradar Group from $36.00 to $34.00 and set a &#34;market outperform&#34; rating on the stock in a research note on Monday, January 5th. Weiss Ratings  restated a &#34;sell (d+)&#34; rating on shares of Sportradar Group in a research note on Monday, December 29th. UBS Group decreased their target price on shares of Sportradar Group from $39.00 to $35.00 and set a &#34;buy&#34; rating for the company in a report on Tuesday, December 9th. Finally, JPMorgan Chase &amp; Co. increased their price target on shares of Sportradar Group from $30.00 to $35.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, September 19th. One analyst  has rated the stock with a Strong Buy rating, sixteen have assigned  a Buy rating, three have given a Hold rating and one  has issued  a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $31.47.</p><p><b>Read Our Latest Report on SRAD</b></p><h2>Sportradar Group Price Performance</h2><ul><li>Genius Sports Scores an 18-Month High on NFL Deal</li></ul><p>SRAD traded up $0.07 during trading on Thursday, reaching $19.92. The stock had a trading volume of 61,633 shares, compared to its average volume of 2,183,970. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The business has a 50-day moving average of $22.42 and a 200-day moving average of $26.47. Sportradar Group has a one year low of $18.09 and a one year high of $32.22. The stock has a market cap of $5.96 billion, a PE ratio of 62.17 and a beta of 2.01. </p><p>Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $342.71 million for the quarter, compared to analysts' expectations of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The company's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share.  As a group, equities research analysts anticipate that  Sportradar Group will post 0.15 EPS for the current fiscal year. </p><h2>Hedge Funds Weigh In On Sportradar Group</h2><ul><li>Is Sportradar Group A Growth Stock To Bet On In 2023?</li></ul><p>Institutional investors and hedge funds have recently made changes to their positions in the business. K.J. Harrison &amp; Partners Inc purchased a new stake in shares of  Sportradar Group during the 2nd quarter valued at $1,404,000.  Greenhouse Funds LLLP boosted its position in  Sportradar Group by 1.6% in the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company's stock worth $223,844,000 after purchasing an additional 129,276 shares in the last quarter.  Hsbc Holdings PLC raised its position in shares of  Sportradar Group by 200.0% in the second quarter. Hsbc Holdings PLC now owns 73,912 shares of the company's stock worth $2,060,000 after acquiring an additional 49,272 shares during the period.  TD Asset Management Inc boosted its stake in shares of  Sportradar Group by 369.0% during the 2nd quarter. TD Asset Management Inc now owns 82,094 shares of the company's stock worth $2,305,000 after acquiring an additional 64,590 shares in the last quarter.  Finally, American Century Companies Inc. acquired a new position in shares of  Sportradar Group during the 2nd quarter worth approximately $19,305,000. </p><h2>About Sportradar Group</h2> (Get Free Report)<p>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.  </p><p>Founded in 2001 and headquartered in St.</p><h2>Read More</h2><ul><li>Five stocks we like better than Sportradar Group</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Executive Order 14330: Trump’s Biggest Yet</li><li>First Time Since 2007: All Warnings Active</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1JBRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1JBRA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sportradar Group Right Now?</h2><p>Before you consider Sportradar Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sportradar Group wasn't on the list.</p><p>While Sportradar Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SRAD

<p>Wells Fargo & Company has lowered its price target for Sportradar Group (NASDAQ:SRAD) from $30.00 to $26.00 while maintaining an "overweight" rating. This suggests a potential upside of 30.55% from the current price. Other analysts have also adjusted their ratings, with Zacks downgrading to "hold" and UBS reducing their target to $35.00. Sportradar's stock is currently trading at $19.92, with a market cap of $5.96 billion and a PE ratio of 62.17. The company reported earnings of $0.08 per share, missing estimates, but revenue increased by 14.5% year-over-year.</p>

Sportradar Group (NASDAQ:SRAD) Price Target Cut to $26.00 by Analysts at Wells Fargo & Company