Research
UBS Downgrades Sportradar Group to Neutral From Buy, Adjusts Price Target to $16 From $30
Sportradar Group AG (SRAD) has an average rating of overweight and mean price target of $18.64, according to analysts polled by FactSet.
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18 stories mentioning SRADUpdated 39d ago
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Research
Wells Fargo Downgrades Sportradar to Equal Weight From Overweight, Lowers Price Target to $14 From $17
Sportradar Group (SRAD) has an average rating of buy and mean price target of $19.42, according to analysts polled by FactSet.
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Research
BTIG Research Downgrades Sportradar Group to Neutral From Buy
Sportradar Group (SRAD) has an average rating of buy and mean price target of $19.42, according to analysts polled by FactSet.
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Wire
Top Midday Decliners
Sportradar (SRAD) shares sank 16% amid heavy trading after the company reported Monday that it swung to a Q2 loss, while revenue increased. Sportradar also cut its 2026 revenue outlook.More than 7.17 million shares of the company traded intraday compared with a daily average of about 2.52 million.GameStop (GME) has agreed to exchange about $1.4 billion of its outstanding 0% convertible senior notes due 2030 and 2032 for its class A common stock, the company said.Shares slumped 13% as intraday trading volume climbed to over 30.9 million from the stock's daily average of about 6.07 million.Marriott International (MAR) reported Q2 revenue below estimates amid headwinds from the Middle East conflict, and offered a downbeat Q3 earnings outlook.Stifel adjusted the price target on Marriott to $343 from $365, while maintaining its hold rating.Shares of Marriott declined 6.9%, with intraday trading volume at 2.80 million compared with the stock's daily average of about 1.49 million.Price: $348.22, Change: $-24.61, Percent Change: -6.60%
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Sectors
Sector Update: Tech Stocks Decline Pre-Bell Monday
Technology stocks were declining pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.3% lower.Alibaba (BABA) said in a social media post that it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B. Shares of Alibaba Group Holding were up more than 3% premarket.Sportradar (SRAD) stock fell past 18% after the company reported that it swung to a Q2 loss, while revenue increased during the period. Sportradar also cut its 2026 revenue outlook.D-Wave Quantum (QBTS) and Nasdaq's (NDAQ) financial crime management unit Nasdaq Verafin said they have signed an agreement to evaluate using quantum computing to improve financial crime detection. D-Wave Quantum shares were 0.3% higher premarket.
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Wire
Sportradar Swings to Q1 Loss, Revenue Increases; 2026 Revenue Guidance Lowered
Sportradar (SRAD) reported Q2 loss Monday of 0.01 euro ($0.01) per diluted class A share attributable to owners of the company, swinging from earnings of $0.15 euro a year earlier.Analysts polled by FactSet expected earnings of 0.07 euro.Revenue for the quarter ended June 30 was 377.8 million euros, up from 317.8 million euros a year earlier.Analysts expected 381.7 million euros.For 2026, the company lowered its expected revenue outlook to now be between 1.52 billion euros and 1.53 billion euros, from its previous outlook of 1.56 billion euros to 1.58 billion euros. Analysts expect 1.56 billion euros.Shares of the company fell more than 13% in recent premarket activity Monday.Price: $12.59, Change: $-1.95, Percent Change: -13.41%
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US Markets
May Prediction Market Volumes Hit Record as Kalshi Share Grows, Macquarie Says
Prediction markets logged record volumes in May, with leader Kalshi growing its market share, though certain regulatory issues continue to be core to the industry's long-term sustainability, Macquarie said in a note e-mailed Wednesday.Prediction market volumes amounted to about $31.17 billion last month amid continued momentum, with market leader Kalshi boosting its implied volume market share to 57% from 50% in April, according to Macquarie.On Tuesday, DraftKings (DKNG) reported a 34% month-over-month surge in annualized predictions volumes in May to $3.1 billion. Kalshi's total volume was about $17.91 billion, with almost half coming from sports contracts, Macquarie said."We note that it is still very early days for (DraftKings') predictions launch, and we expect its market share to consistently rise through the year," Chad Beynon, senior gaming, lodging and theatres analyst at Macquarie, said in a note to clients.Recently, Rush Street Interactive (RSI) applied to become a regulated designated contract market, joining the likes of Kalshi and DraftKings."The move provides a potential federally regulated alternative if state sports betting faces tighter regulation," Beynon said. "More broadly, it highlights a growing openness among gaming operators toward regulated event-contract platforms."With online sports betting operators now leaning into their own prediction market products, the main questions for investors continues to be around the long-term product overlap between the two, as well as potential regulatory changes, according to the note.Earlier this week, Sportradar Group (SRAD) signed a multiyear global agreement with Kalshi, under which it becomes an official data and solutions provider for Kalshi.The deal marks the "first meaningful step" by Sportradar into the regulated prediction market space, according to Macquarie. It also reinforces the Sportradar and Genius Sports (GENI) "positioning as a 'picks-and-shovels' infrastructure provider to both traditional sportsbooks and now (prediction markets)," Beynon said.Price: $29.07, Change: $+1.48, Percent Change: +5.35%
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Insider Trading
Sportradar Group Ag Insider Bought Shares Worth $842,820, According to a Recent SEC Filing
Marc Walder, Director, on April 30, 2026, executed a purchase for 66,000 shares in Sportradar Group Ag (SRAD) for $842,820. Following the Form 4 filing with the SEC, Walder has control over a total of 342,563 Class A ordinary shares of the company, with 342,563 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1836470/000110465926054469/xslF345X05/tm2613295-6_4seq1.xml
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Wire
UBS Adjusts Price Target on Sportradar Group to $30 From $35, Maintains Buy Rating
Sportradar Group AG (SRAD) has an average rating of buy and mean price target of $22.07, according to analysts polled by FactSet.Price: $12.71, Change: $+0.09, Percent Change: +0.71%
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Wire
Macquarie Cuts Price Target on Sportradar Group to $24 From $30, Keeps Outperform Rating
Sportradar Group (SRAD) has an average rating of buy and mean price target of $22.88 according to analysts polled by FactSet.Price: $12.47, Change: $+0.12, Percent Change: +0.97%
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Wire
Truist Cuts Price Target on Sportradar Group to $18 From $26, Keeps Buy Rating
Sportradar Group (SRAD) has an average rating of buy and mean price target of $22.88 according to analysts polled by FactSet.Price: $12.64, Change: $+0.29, Percent Change: +2.31%
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Wire
Canaccord Genuity Lowers Sportradar Group Price Target to $28 From $34, Buy Rating Kept
Sportradar Group (SRAD) has an average rating of buy and mean price target of $27.91, according to analysts polled by FactSet.Price: $12.16, Change: $-1.79, Percent Change: -12.80%
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Wire
Sportradar Names Sameer Deen COO
Sportradar (SRAD) said Tuesday it has appointed Sameer Deen as chief operating officer, starting May 18.Deen was most recently the chief commercial officer and president at Entain, an international sports betting and gaming entertainment company, Sportradar said.Price: $12.80, Change: $-1.14, Percent Change: -8.18%
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Research
Jefferies Downgrades Sportradar Group AG to Hold From Buy, Adjusts Price Target to $14 From $30
Sportradar Group AG (SRAD) has an average rating of buy and mean price target of $27.91, according to analysts polled by FactSet.
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Sectors
Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) and the State Street SPDR S&P Semiconductor ETF (XSD) each adding about 2%.The Philadelphia Semiconductor index climbed 2.6%.In sector news, Texas Attorney General Ken Paxton launched an investigation into streaming platforms, including Spotify (SPOT), Apple's (AAPL) Apple Music, Amazon's (AMZN) Amazon Music and Alphabet's (GOOGL) YouTube Music over an alleged scheme in which the platforms accept bribes to artificially promote certain artists, songs or content, according to a statement from Paxton's office.In corporate news, Seagate Technology (STX) shares rose over 3% after Barclays upgraded the stock to overweight from equalweight and boosted its price target to $625 from $425.Microsoft (MSFT) has appointed Daniel Shapero to become the chief executive of LinkedIn, the company's executive vice president Ryan Roslansky said in a LinkedIn post Wednesday. Microsoft shares were up 2%.Sportradar (SRAD) shares fell 22% after Muddy Waters Research and Callisto Research published short reports on the company.Alphabet's (GOOGL) Google Cloud is launching a $750 million fund to help consulting firms such as Accenture (ACN), McKinsey, and Deloitte to get clients to use agentic AI software, Bloomberg reported. Alphabet shares added 2.1%.
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Sectors
Sector Update: Tech
Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) and the State Street SPDR S&P Semiconductor ETF (XSD) each adding 2%.The Philadelphia Semiconductor index climbed 2.6%.In corporate news, Sportradar (SRAD) shares fell 24% after Muddy Waters Research and Callisto Research published short reports on the company.
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Wire
Update: Sportradar Group Shares Fall Following Short Reports by Muddy Waters, Callisto
(Updates with Sportradar's response in the fourth paragraph.)Sportradar Group (SRAD) shares fell by more than 23% in Wednesday trading after Muddy Waters Research and Callisto Research published short reports on the company.The Muddy Waters report claims that Sportradar has "actively aided and abetted illegal gambling across the world's black and grey markets -- not as an accident or an oversight, but as a business strategy." The firm estimates that illegal operators account for about 20% to 40% of total revenue currently.Callisto, also short Sportradar, said that based on an examination of hundreds of gambling platforms, it found evidence suggesting that over 270 individual platforms are using Sportradar's products or services, or are explicitly claiming to do so, "while operating illegally in regulated or prohibited gambling markets." A significant number of these operators have no license at all, it added."A short report issued today contains factual inaccuracies about the company, and we unequivocally challenge these assertions," Sportradar told, adding that the company only works with licensed operators and follows strict global compliance and due diligence standards.Price: $12.82, Change: $-4.02, Percent Change: -23.87%
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Wire
Sportradar Group Shares Fall Following Short Reports by Muddy Waters, Callisto
Sportradar Group (SRAD) shares fell by more than 23% in Wednesday trading after Muddy Waters Research and Callisto Research published short reports on the company.The Muddy Waters report claims that Sportradar has "actively aided and abetted illegal gambling across the world's black and grey markets -- not as an accident or an oversight, but as a business strategy." The firm estimates that illegal operators account for about 20% to 40% of total revenue currently.Callisto, also short Sportradar, said that based on an examination of hundreds of gambling platforms, it found evidence suggesting that over 270 individual platforms are using Sportradar's products or services, or are explicitly claiming to do so, "while operating illegally in regulated or prohibited gambling markets." A significant number of these operators have no license at all, it added.Sportradar didn't immediately reply to' request for comment.Price: $12.09, Change: $-4.76, Percent Change: -28.24%
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