BW Gestao de Investimentos Ltda. Purchases New Holdings in Sportradar Group AG $SRAD

Key Points

• BW Gestao de Investimentos Ltda. has acquired 30,400 shares of Sportradar Group AG, worth approximately $657,000, as reported in their latest SEC filing.
• Sportradar Group reported a quarterly earnings per share (EPS) of $0.17, exceeding analysts' expectations of $0.04, with revenue of $374.25 million for the quarter.
• Market analysts have raised several price targets for Sportradar, with Morgan Stanley increasing its target from $25 to $26 and JMP Securities lifting it from $25 to $30.

BW Gestao de Investimentos Ltda. bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 30,400 shares of the company's stock, valued at approximately $657,000.

A number of other large investors also recently made changes to their positions in SRAD. PDT Partners LLC purchased a new position in shares of Sportradar Group in the 1st quarter worth $544,000. Graham Capital Management L.P. grew its stake in Sportradar Group by 21.2% in the first quarter. Graham Capital Management L.P. now owns 54,004 shares of the company's stock worth $1,168,000 after purchasing an additional 9,457 shares in the last quarter. Twin Tree Management LP acquired a new position in Sportradar Group in the first quarter worth about $88,000. Magnetar Financial LLC bought a new position in Sportradar Group in the first quarter worth about $260,000. Finally, Driehaus Capital Management LLC bought a new position in Sportradar Group in the first quarter worth about $48,596,000.

Wall Street Analysts Forecast Growth

SRAD has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Sportradar Group in a report on Monday, July 21st. They set a "neutral" rating and a $31.00 price target on the stock. Needham & Company LLC upped their price target on Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. JMP Securities lifted their price objective on shares of Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Wednesday, September 3rd. Morgan Stanley lifted their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Arete Research upgraded shares of Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.88.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD traded down $0.30 during mid-day trading on Monday, hitting $30.57. The company had a trading volume of 1,194,652 shares, compared to its average volume of 1,663,731. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. The business's 50-day simple moving average is $29.59 and its 200-day simple moving average is $25.28. Sportradar Group AG has a 12 month low of $11.45 and a 12 month high of $32.22. The firm has a market cap of $9.15 billion, a P/E ratio of 84.91 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results 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 business had revenue of $374.25 million during the quarter, compared to analysts' expectations of $315.30 million. The business's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

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.