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T. Rowe Price Investment Management Inc. Takes Position in Sportradar Group AG $SRAD

Sportradar Group logo with Consumer Discretionary background

Key Points

  • T. Rowe Price Investment Management Inc. purchased 955,414 shares of Sportradar Group AG, valued at approximately $20.7 million, during the first quarter of the year.
  • Analysts are optimistic about Sportradar Group, with 13 giving it a Buy rating and an average price target of $30.50.
  • Sportradar Group reported an EPS of $0.17 for the last quarter, exceeding expectations and marking a revenue increase of 14.1% year-over-year.
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T. Rowe Price Investment Management Inc. acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 955,414 shares of the company's stock, valued at approximately $20,657,000. T. Rowe Price Investment Management Inc. owned approximately 0.09% of Sportradar Group as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after acquiring an additional 537 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after acquiring an additional 551 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Sportradar Group in the first quarter worth about $52,000. Battery Global Advisors LLC raised its position in Sportradar Group by 2,800.0% in the first quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock worth $60,000 after acquiring an additional 2,660 shares in the last quarter. Finally, US Bancorp DE raised its position in Sportradar Group by 178.6% in the first quarter. US Bancorp DE now owns 6,198 shares of the company's stock worth $134,000 after acquiring an additional 3,973 shares in the last quarter.

Sportradar Group Stock Down 1.6%

Shares of SRAD traded down $0.50 during trading hours on Wednesday, reaching $31.29. The company's stock had a trading volume of 888,159 shares, compared to its average volume of 1,679,437. The company has a 50 day moving average of $28.85 and a two-hundred day moving average of $24.76. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market cap of $34.82 billion, a price-to-earnings ratio of 86.92 and a beta of 2.07. Sportradar Group AG has a 1-year low of $11.35 and a 1-year high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating 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 firm had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. The company's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JMP Securities boosted their price target on shares of Sportradar Group from $25.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 15th. Arete assumed coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price target on the stock. Macquarie began coverage on shares of Sportradar Group in a research report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target on the stock. Needham & Company LLC boosted their price objective on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Jefferies Financial Group boosted their price objective on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.50.

Check Out Our Latest Analysis on SRAD

About Sportradar Group

(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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