Cubist Systematic Strategies LLC Has $3.11 Million Position in Sportradar Group AG $SRAD

Key Points

• Cubist Systematic Strategies LLC reduced its holdings in Sportradar Group AG by 28.5%, owning 143,797 shares worth approximately $3.1 million following the sale of 57,382 shares in the first quarter.
• After reporting a 14.1% year-over-year revenue increase of $374.25 million and earnings per share of $0.17, Sportradar Group received favorable ratings from multiple analysts, with a consensus rating of "Moderate Buy."
• Sportradar Group's stock is currently trading around $30.87, with a market capitalization of $9.24 billion, while its stock has a 52-week range of $11.45 to $32.22.

Cubist Systematic Strategies LLC cut its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 28.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,797 shares of the company's stock after selling 57,382 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Sportradar Group were worth $3,109,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Sportradar Group by 60.9% during the fourth quarter. Barclays PLC now owns 9,523 shares of the company's stock worth $165,000 after buying an additional 3,605 shares in the last quarter. First Trust Advisors LP acquired a new stake in Sportradar Group during the fourth quarter worth about $300,000. Hsbc Holdings PLC increased its position in shares of Sportradar Group by 13.2% during the fourth quarter. Hsbc Holdings PLC now owns 21,438 shares of the company's stock valued at $373,000 after acquiring an additional 2,495 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Sportradar Group during the fourth quarter valued at about $2,156,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Sportradar Group by 93.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 769,388 shares of the company's stock valued at $13,341,000 after purchasing an additional 372,269 shares during the period.

Sportradar Group Stock Up 0.4%

Shares of SRAD traded up $0.14 during mid-day trading on Wednesday, reaching $31.32. 624,026 shares of the stock traded hands, compared to its average volume of 1,665,030. The stock has a fifty day simple moving average of $29.72 and a 200 day simple moving average of $25.39. Sportradar Group AG has a 12-month low of $11.45 and a 12-month high of $32.22. 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 $9.38 billion, a price-to-earnings ratio of 86.99 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $374.25 million for the quarter, compared to the consensus estimate 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. Sell-side analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SRAD. Macquarie initiated coverage on shares of Sportradar Group in a research note on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target for the company. UBS Group boosted their price objective on shares of Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Arete began coverage on shares of Sportradar Group in a research note on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price objective on the stock. Zacks Research raised shares of Sportradar Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Jefferies Financial Group upped their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.88.

Sportradar Group Company 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.