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

A number of other hedge funds have also made changes to their positions in SRAD. Pacer Advisors Inc. raised its position in Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after acquiring an additional 537 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after purchasing an additional 551 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Sportradar Group during the first quarter worth $52,000. Battery Global Advisors LLC increased its position in Sportradar Group by 2,800.0% during 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 during the period. Finally, US Bancorp DE increased its position in Sportradar Group by 178.6% during 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 during the period.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. 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 price target on the stock. The Goldman Sachs Group began coverage on Sportradar Group in a report on Monday, July 21st. They set a "neutral" rating and a $31.00 price objective for the company. Arete Research upgraded Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. UBS Group lifted their price objective on Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, JMP Securities lifted their price objective on Sportradar Group from $25.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Sportradar Group Stock Up 2.8%

Shares of SRAD traded up $0.85 on Thursday, hitting $31.17. The company's stock had a trading volume of 1,996,472 shares, compared to its average volume of 1,691,672. 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's fifty day moving average price is $28.31 and its 200-day moving average price is $24.45. Sportradar Group AG has a fifty-two week low of $11.35 and a fifty-two week high of $31.82. The firm has a market capitalization of $34.68 billion, a price-to-earnings ratio of 86.58 and a beta of 2.07.

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, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.Sportradar Group's quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Sportradar Group AG will post 0.15 EPS for the current 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.