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

Several other institutional investors and hedge funds have also bought and sold shares of SRAD. Pacer Advisors Inc. lifted 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 valued at $38,000 after purchasing an additional 537 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of 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 purchasing an additional 551 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Sportradar Group in the first quarter worth $52,000. Battery Global Advisors LLC raised its holdings in Sportradar Group by 2,800.0% during the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock valued at $60,000 after buying an additional 2,660 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Sportradar Group during the 1st quarter valued at $88,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Needham & Company LLC raised their price target on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Truist Financial increased their target price 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. UBS Group boosted their price target on Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, August 14th. JMP Securities upped their price target on Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group initiated coverage on Sportradar Group in a research report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.88.

Sportradar Group Trading Down 4.0%

Shares of NASDAQ SRAD traded down $1.24 during midday trading on Thursday, hitting $30.00. 2,600,265 shares of the company traded hands, compared to its average volume of 1,384,335. Sportradar Group AG has a 12-month low of $11.51 and a 12-month high of $32.22. The firm has a market cap of $8.98 billion, a P/E ratio of 83.33 and a beta of 2.07. The stock has a 50-day moving average price of $29.82 and a 200 day moving average price of $25.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping 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 net margin of 9.35% and a return on equity of 11.74%. Sportradar Group's revenue for the quarter was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Sportradar Group AG will post 0.15 earnings per share 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.