Greenhouse Funds LLLP Has $169.55 Million Stock Position in Sportradar Group AG $SRAD

Key Points

• Greenhouse Funds LLLP has reduced its holdings in Sportradar Group AG by 20.4%, selling 2,011,595 shares during the 1st quarter, leaving the fund with 7,842,378 shares.
• Analysts have generally positive sentiments towards Sportradar, with recent upgrades; Truist Financial and Needham & Company both set their price targets at $34.00.
• Sportradar Group reported strong earnings, exceeding estimates with a revenue of $374.25 million for the quarter, a 14.1% increase year-over-year.

Greenhouse Funds LLLP trimmed its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 20.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,842,378 shares of the company's stock after selling 2,011,595 shares during the quarter. Sportradar Group accounts for 7.9% of Greenhouse Funds LLLP's holdings, making the stock its biggest holding. Greenhouse Funds LLLP owned 0.70% of Sportradar Group worth $169,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after buying an additional 537 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Sportradar Group by 34.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after buying an additional 551 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Sportradar Group in the 1st quarter valued at $52,000. Battery Global Advisors LLC grew its holdings in shares of Sportradar Group by 2,800.0% during the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock worth $60,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of Sportradar Group during the 1st quarter worth $88,000.

Sportradar Group Price Performance

NASDAQ:SRAD traded down $0.04 during trading hours on Tuesday, hitting $30.96. The company's stock had a trading volume of 470,515 shares, compared to its average volume of 1,666,093. The stock has a fifty day simple moving average of $29.65 and a 200-day simple moving average of $25.34. The company has a market capitalization of $9.27 billion, a P/E ratio of 86.04 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. Sportradar Group AG has a twelve month low of $11.45 and a twelve month high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $374.25 million for 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%.The firm'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. On average, analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SRAD has been the topic of several analyst reports. Zacks Research raised Sportradar Group from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Macquarie initiated coverage on Sportradar Group in a report on Friday, June 20th. They set an "outperform" rating and a $32.00 target price on the stock. UBS Group increased their target price on Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Truist Financial increased their target price on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Jefferies Financial Group increased their target price on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. One investment 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, Sportradar Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.88.

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.