Greenhouse Funds LLLP Sells 2,011,595 Shares of 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 lessened its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,842,378 shares of the company's stock after selling 2,011,595 shares during the quarter. Sportradar Group makes up about 7.9% of Greenhouse Funds LLLP's portfolio, making the stock its biggest holding. Greenhouse Funds LLLP owned approximately 0.70% of Sportradar Group worth $169,552,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BW Gestao de Investimentos Ltda. purchased a new position in shares of Sportradar Group during the 1st quarter worth $657,000. PDT Partners LLC purchased a new position in shares of Sportradar Group during the 1st quarter worth $544,000. Graham Capital Management L.P. raised its holdings in shares of Sportradar Group by 21.2% during the 1st quarter. Graham Capital Management L.P. now owns 54,004 shares of the company's stock worth $1,168,000 after acquiring an additional 9,457 shares during the period. Twin Tree Management LP purchased a new position in shares of Sportradar Group during the 1st quarter worth $88,000. Finally, Magnetar Financial LLC purchased a new position in shares of Sportradar Group during the 1st quarter worth $260,000.

Analysts Set New Price Targets

SRAD has been the topic of several analyst reports. Truist Financial lifted their price target on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Needham & Company LLC boosted their price objective on shares of Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group assumed coverage on shares of Sportradar Group in a report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective on the stock. 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 report on Thursday, August 14th. Finally, Zacks Research upgraded shares of Sportradar Group from a "hold" rating to a "strong-buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.88.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $30.52 on Thursday. The company has a market cap of $33.96 billion, a P/E ratio of 84.78 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. The stock has a 50-day moving average of $29.46 and a two-hundred day moving average of $25.12. Sportradar Group AG has a 1-year low of $11.45 and a 1-year high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results 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 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%.Sportradar Group's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group 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.

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