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Granahan Investment Management LLC Sells 111,468 Shares of Sportradar Group AG $SRAD

Sportradar Group logo with Consumer Discretionary background

Key Points

  • Granahan Investment Management LLC reduced its holdings in Sportradar Group AG by 5.5%, now owning approximately 1,897,509 shares valued at around $41 million.
  • Sportradar Group has recently seen mixed activity from large investors, with entities like Pacer Advisors Inc. increasing their stake by 43.9% while others have reduced theirs.
  • Analysts have a generally positive outlook on Sportradar Group, with stock ratings ranging from "Strong Buy" to "Market Outperform" and an average price target set at $30.88.
  • MarketBeat previews the top five stocks to own by October 1st.

Granahan Investment Management LLC cut its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,897,509 shares of the company's stock after selling 111,468 shares during the quarter. Sportradar Group makes up 2.0% of Granahan Investment Management LLC's holdings, making the stock its 12th biggest holding. Granahan Investment Management LLC owned approximately 0.17% of Sportradar Group worth $41,024,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SRAD. Barclays PLC boosted its stake in shares of Sportradar Group by 60.9% during the fourth quarter. Barclays PLC now owns 9,523 shares of the company's stock valued at $165,000 after purchasing an additional 3,605 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Sportradar Group during the fourth quarter worth about $300,000. Hsbc Holdings PLC grew its holdings 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 worth $373,000 after purchasing an additional 2,495 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Sportradar Group by 37.0% during the fourth quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock worth $119,000 after purchasing an additional 1,850 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Sportradar Group during the fourth quarter worth about $2,156,000.

Wall Street Analyst Weigh In

SRAD has been the topic of several research reports. Zacks Research upgraded Sportradar Group from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Needham & Company LLC lifted their price objective on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Jefferies Financial Group lifted their price objective on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Macquarie initiated coverage on Sportradar Group in a research note on Friday, June 20th. They issued an "outperform" rating and a $32.00 price objective on the stock. Finally, Truist Financial lifted their price objective on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $30.88.

Get Our Latest Stock Report on Sportradar Group

Sportradar Group Stock Performance

NASDAQ:SRAD traded down $0.03 during trading on Friday, reaching $30.87. The company's stock had a trading volume of 1,958,869 shares, compared to its average volume of 1,487,210. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 85.75 and a beta of 2.07. 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 firm has a 50 day moving average of $29.59 and a 200-day moving average of $25.28. Sportradar Group AG has a 12 month low of $11.45 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.13. The company had revenue of $374.25 million during 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%.The business's revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. Research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Sportradar Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sportradar Group (NASDAQ:SRAD)

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