Sports bettors and fantasy football managers are rejoicing following the 2025 NFL season kick off Thursday night. Data and analytics firm Sportradar received a price target hike on Wednesday ahead of the NFL season open.
Cathie Wood and ARK Invest have been selling Genius Sports and sizable portions of their DraftKings holdings.
Citizens JMP on Wednesday raised its price target on Sportradar by 6 to 36, according to The Fly. Switzerland-based Sportradar collects, analyzes and provides sports data for bookmakers, sports federations and media companies. The company's partners and clients include the NBA, MLB, NHL, Nascar, FIFA, the U.S. Soccer Federation, the Federation Internationale de l'Automobile, as well as various soccer leagues and tennis tours.
Citizens on Thursday wrote that Sportradar's internal technology platforms are continuously improving, while the NFL season provides a positive backdrop and positions companies for "higher highs." Sportradar has also beefed up its offerings with player props and additional markets. The company's operational improvements have helped protect gaming margins, Citizens added. The firm kept an outperform rating on the shares.
SRAD stock ticked lower Friday. Shares on Thursday climbed 1.3% on a small bounce off its 21-day exponential moving average. Sportradar fell from its record high on Aug. 22, near that technical line early in the week.
SRAD stock rallied more than 78% so far this year.
Cathie Wood, ARK Unload DraftKings, Genius Sports
Meanwhile, Cathie Wood and her ARK Invest firm have been selling off shares of their sports-related stocks.
ARK Invest on Thursday sold 428,777 shares of Genius Sports. Genius Sports began as a betting data specialist, and has evolved to offer performance analysis and fan engagement solutions. The company has started incorporating AI to improve its offerings for leagues, sportsbooks and brands.
ARK Invest currently holds 2.51 million shares of Genius Sports in the ARK Next Generation Internet ETF, representing 1.46% of the ETF as of Friday.
The Genius sale comes after Wood and ARK on Tuesday sold 44,861 shares of DraftKings across the ARK Innovation ETF, Next Generation Internet ETF, and the ARK Fintech Innovation ETF.
The firm last week sold more than 462,500 shares of the sportsbook operator. Wednesday saw the largest sale, when ARK off-loaded 266,052 shares.
DraftKings currently represents 1.31% of the flagship ARK Innovation ETF at roughly 1.99 million shares. The Next Generation Internet ETF holds 697,852 shares of DraftKings, representing 1.42% of the fund. Cathie Wood and ARK hold 610,646 shares of DraftKings in the Fintech Innovation ETF, accounting for 2.17% of holdings.
DKNG stock declined 1.8% Friday. DraftKings has rebounded 57% from its early April lows and is extended from a July cup-with-handle breakout. Shares have rallied more than 25% so far this year.
Genius Sports has trended higher since late June and broke out of a consolidation in mid-July. GENI stock has spiked more than 56% in 2025 and is trading at four-year highs.
You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison
