1832 Asset Management L.P. bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 204,100 shares of the company's stock, valued at approximately $4,413,000.
A number of other institutional investors and hedge funds have also made changes to their positions in SRAD. Unisphere Establishment bought a new position in shares of Sportradar Group during the fourth quarter valued at approximately $51,596,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Sportradar Group during the first quarter valued at approximately $20,657,000. Granahan Investment Management LLC increased its stake in shares of Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Sportradar Group during the fourth quarter valued at approximately $6,801,000. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Sportradar Group by 93.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 769,388 shares of the company's stock valued at $13,341,000 after purchasing an additional 372,269 shares in the last quarter.
Sportradar Group Stock Performance
SRAD stock traded down $0.50 on Wednesday, hitting $31.29. The company had a trading volume of 888,159 shares, compared to its average volume of 2,024,872. Sportradar Group AG has a 12-month low of $11.35 and a 12-month high of $32.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The stock's 50-day simple moving average is $28.97 and its 200 day simple moving average is $24.80. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 86.92 and a beta of 2.07.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $374.25 million for the quarter, compared to analysts' expectations of $315.30 million. The company's quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have weighed in on SRAD. Macquarie assumed coverage on shares of Sportradar Group in a research note on Friday, June 20th. They set an "outperform" rating and a $32.00 target price for the company. Truist Financial increased their price target on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Arete Research upgraded shares of Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. Needham & Company LLC increased their price target on shares of Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, JMP Securities increased their price target on shares of Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a report on Tuesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.50.
View Our Latest Report on Sportradar Group
Sportradar Group Profile
(
Free Report)
Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.
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