Sportradar Group AG upgraded by BofA Securities with a new price target
$SRAD
Computer Software: Programming Data Processing
Technology
BofA Securities upgraded Sportradar Group AG from Underperform to Buy and set a new price target of $28.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2025 | $28.00 | Underperform → Buy | BofA Securities |
| 4/11/2025 | $28.00 | Buy | BTIG Research |
| 3/20/2025 | $18.00 → $27.00 | Buy | Needham |
| 2/26/2025 | $27.00 | Buy | Guggenheim |
| 1/15/2025 | $17.00 → $23.00 | Buy | Jefferies |
| 10/21/2024 | $12.00 → $15.00 | Neutral → Overweight | JP Morgan |
| 9/4/2024 | $16.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 8/14/2024 | $12.00 → $16.00 | Hold → Buy | Jefferies |
GREENWICH, Conn., May 12, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 17th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 5, 2025. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing, Media & Telecom Regulatory, and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more i
First Quarter 2025 Highlights Revenue increased 17% to €311 millionProfit for the period increased to €24 million and expanded to 7.8% as a percentage of revenueAdjusted EBITDA1 increased 25% to €59 million and Adjusted EBITDA margin1 expanded to 18.9%Net cash generated from operating activities increased 52% to €102 million and Free cash flow1 increased €32 million to €32 millionAchieved Customer Net Retention Rate1 of 122%Extended and expanded partnership with Major League Baseball through 2032Announced agreement to acquire IMG ARENA and its global sports betting rights portfolio ST. GALLEN, Switzerland, May 12, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD)
ST. GALLEN, Switzerland, April 24, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced the pricing of the previously announced secondary public offering of an aggregate of 23,000,000 Class A ordinary shares of the Company (the "Secondary Offering") by an affiliate of Canada Pension Plan Investment Board, an affiliate of TCV, and Carsten Koerl, the Company's Chief Executive Officer (collectively, the "Selling Shareholders"), at a price to the public of $22.50 per share. The underwriters have been granted a 30-day option to purchase up to an additional 3,450,000 Class A ordinary shares from certain of the Selling Shareholders. The Compan
ST. GALLEN, Switzerland, May 01, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced that Behshad Behzadi has been named Chief Technology Officer and Chief Artificial Intelligence Officer of the Company (CTO and CAIO), effective May 1. As Sportradar's CTO and CAIO, Behzadi will be based in the organization's headquarters in Switzerland and report directly to Chief Executive Officer, Carsten Koerl. Working collaboratively across the organization, Behzadi will drive the usage and adoption of AI and cutting-edge technology to enhance its product offerings and roadmap to deliver hyper-personalized experiences for sports fans. Additionally
ST. GALLEN, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD)("Sportradar" or the "Company") today announced that Craig Felenstein has been named Chief Financial Officer of the Company, effective June 1, 2024. Felenstein joins the Company from Lindblad Expeditions (NASDAQ:LIND) where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl. Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar. Most recently, Felenstein ser
Names Executive Leadership Team to Oversee Global Functions Company Reaffirms Fiscal 2023 Guidance and Fiscal 2024 Outlook ST. GALLEN, Switzerland, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar" or the "Company") today announced additional strategic actions as part of its previously announced initiatives to streamline its organizational structure to enhance focus on clients and partners, drive global innovation and product development, and propel long-term growth, profitability, and shareholder value. "I am excited to announce this new global organization and leadership structure, which aligns our teams on our strategic priorities, promotes agile
SCHEDULE 13G/A - Sportradar Group AG (0001836470) (Subject)
6-K - Sportradar Group AG (0001836470) (Filer)
6-K - Sportradar Group AG (0001836470) (Filer)
BofA Securities upgraded Sportradar Group AG from Underperform to Buy and set a new price target of $28.00
BTIG Research initiated coverage of Sportradar Group AG with a rating of Buy and set a new price target of $28.00
Needham reiterated coverage of Sportradar Group AG with a rating of Buy and set a new price target of $27.00 from $18.00 previously
First Quarter 2025 Highlights Revenue increased 17% to €311 millionProfit for the period increased to €24 million and expanded to 7.8% as a percentage of revenueAdjusted EBITDA1 increased 25% to €59 million and Adjusted EBITDA margin1 expanded to 18.9%Net cash generated from operating activities increased 52% to €102 million and Free cash flow1 increased €32 million to €32 millionAchieved Customer Net Retention Rate1 of 122%Extended and expanded partnership with Major League Baseball through 2032Announced agreement to acquire IMG ARENA and its global sports betting rights portfolio ST. GALLEN, Switzerland, May 12, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD)
Full Year 2024 Highlights Revenue increased 26% to €1,107 millionProfit for the period of €34 million was in-line with prior yearAdjusted EBITDA1 increased 33% to €222 million and Adjusted EBITDA margin1 expanded to 20.1%Net cash from operating activities increased 36% to €353 million and Free cash flow1 increased 133% to €118 millionCustomer Net Retention Rate1 increased to 127%Implemented $200 million share repurchase plan and purchased $20.3 million under the planExceeded full year guidance for both revenue and Adjusted EBITDAAcquired affiliate marketing assets of XLMedia PLC Fourth Quarter 2024 Highlights Revenue increased 22% to €307 millionLoss for the period of €1
ST. GALLEN, Switzerland, March 06, 2025 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) ("Sportradar") will release its financial and operating results for the fourth quarter and full year ended December 31, 2024, on Wednesday, March 19, 2025. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. Eastern time on Wednesday, March 19, 2025. Those wishing to either listen to, or participate in, the earnings webcast can do so by accessing Sportradar's Investor Relations website at https://investors.sportradar.com. Additionally, a replay will be posted on the Investor Relations website for one year after the conclusion of the event. About SportradarS
SC 13G/A - Sportradar Group AG (0001836470) (Subject)
SC 13G/A - Sportradar Group AG (0001836470) (Subject)
SC 13G/A - Sportradar Group AG (0001836470) (Subject)