280,769 Shares in Sportradar Group AG $SRAD Purchased by TB Alternative Assets Ltd.

Key Points

• TB Alternative Assets Ltd. acquired 280,769 shares of Sportradar Group AG worth approximately $7.88 million, making it the fund's 15th largest position.
• Sportradar Group reported earnings per share of $0.17 in its latest quarterly earnings, significantly exceeding analyst estimates of $0.04, with a revenue increase of 14.1% year-over-year.
• Wall Street analysts are optimistic about Sportradar Group, with multiple firms raising their price targets and giving the company a consensus rating of "Moderate Buy."

TB Alternative Assets Ltd. bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 280,769 shares of the company's stock, valued at approximately $7,884,000. Sportradar Group makes up approximately 1.5% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 15th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SRAD. Two Sigma Advisers LP grew its holdings in shares of Sportradar Group by 659.5% during the 4th quarter. Two Sigma Advisers LP now owns 168,600 shares of the company's stock worth $2,924,000 after purchasing an additional 146,400 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Sportradar Group during the fourth quarter worth $3,100,000. Mackenzie Financial Corp acquired a new stake in Sportradar Group in the 4th quarter valued at about $1,236,000. Moody National Bank Trust Division lifted its stake in Sportradar Group by 9.0% in the first quarter. Moody National Bank Trust Division now owns 149,217 shares of the company's stock worth $3,226,000 after acquiring an additional 12,291 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Sportradar Group during the first quarter worth $1,840,000.

Sportradar Group Stock Down 1.8%

Shares of NASDAQ:SRAD opened at $29.54 on Thursday. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 82.06 and a beta of 2.07. The company's fifty day moving average is $29.96 and its two-hundred day moving average is $26.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. Sportradar Group AG has a 1-year low of $11.72 and a 1-year high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The business had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. Sportradar Group's revenue for the quarter was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

SRAD has been the subject of a number of research reports. UBS Group boosted their price target on shares of Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Morgan Stanley raised their target price on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Macquarie began coverage on Sportradar Group in a report on Friday, June 20th. They set an "outperform" rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Sportradar Group from $30.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Finally, Jefferies Financial Group raised their target price on shares of Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.88.

About Sportradar Group

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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