Cambiar Investors LLC Trims Stock Position in Sportradar Group AG $SRAD

Key Points

• Cambiar Investors LLC reduced its stake in Sportradar Group AG by 11.4%, selling 71,197 shares and owning 553,786 shares worth approximately $11.97 million at the end of the quarter.
• Sportradar Group's stock is currently priced at $31.00, with a market capitalization of $34.50 billion and a reported 14.1% increase in revenue year-over-year.
• Analysts have given Sportradar Group a consensus rating of "Moderate Buy" with a target price averaging around $30.50.

Cambiar Investors LLC cut its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 11.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 553,786 shares of the company's stock after selling 71,197 shares during the period. Cambiar Investors LLC's holdings in Sportradar Group were worth $11,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SRAD. Greenhouse Funds LLLP lifted its position in Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock valued at $170,868,000 after acquiring an additional 193,962 shares during the last quarter. Unisphere Establishment purchased a new stake in Sportradar Group during the fourth quarter valued at approximately $51,596,000. Granahan Investment Management LLC lifted its position in 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 acquiring an additional 930,310 shares during the last quarter. Penn Capital Management Company LLC purchased a new stake in Sportradar Group during the fourth quarter valued at approximately $14,029,000. Finally, D. E. Shaw & Co. Inc. lifted its position in 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 acquiring an additional 372,269 shares during the last quarter.

Sportradar Group Stock Performance

Shares of Sportradar Group stock traded up $0.47 during trading on Friday, hitting $31.64. 708,557 shares of the company's stock were exchanged, compared to its average volume of 1,687,181. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The business has a 50-day simple moving average of $28.43 and a 200-day simple moving average of $24.52. Sportradar Group AG has a 52-week low of $11.35 and a 52-week high of $31.82. The stock has a market capitalization of $35.21 billion, a price-to-earnings ratio of 87.89 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 firm had revenue of $374.25 million during the quarter, compared to analysts' expectations of $315.30 million. The business's revenue for the quarter was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, research analysts forecast 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 analyst reports. Macquarie initiated coverage on shares of Sportradar Group in a research report on Friday, June 20th. They set an "outperform" rating and a $32.00 target price for the company. Needham & Company LLC increased their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Jefferies Financial Group raised their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Truist Financial raised their price target on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Arete Research raised shares of Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Sportradar Group Profile

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.