Harbour Capital Advisors LLC Purchases Shares of 12,885 Sportradar Group AG $SRAD

Key Points

• Harbour Capital Advisors LLC has invested approximately $358,000 in Sportradar Group AG by acquiring 12,885 shares in the second quarter.
• Sportradar Group reported a 14.1% increase in quarterly revenue year-over-year, totaling $374.25 million, significantly exceeding analyst estimates of $315.30 million.
• Analysts have recently raised target prices for Sportradar Group, with JMP Securities increasing it from $30.00 to $36.00, reflecting a strong confidence in the stock.

Harbour Capital Advisors LLC purchased a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,885 shares of the company's stock, valued at approximately $358,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mackenzie Financial Corp acquired a new stake in Sportradar Group during the 4th quarter worth $1,236,000. Informed Momentum Co LLC acquired a new stake in shares of Sportradar Group in the 1st quarter valued at about $1,346,000. Natixis Advisors LLC acquired a new stake in shares of Sportradar Group in the 1st quarter valued at about $411,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Sportradar Group in the 1st quarter valued at about $20,657,000. Finally, Integrity Alliance LLC. acquired a new stake in shares of Sportradar Group in the 1st quarter valued at about $321,000.

Sportradar Group Price Performance

Shares of SRAD traded up $0.58 during trading hours on Tuesday, reaching $30.31. The stock had a trading volume of 1,462,318 shares, compared to its average volume of 1,673,452. Sportradar Group AG has a 12 month low of $11.72 and a 12 month high of $32.22. The stock has a market capitalization of $9.08 billion, a PE ratio of 84.68 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 company's 50-day moving average is $29.96 and its two-hundred day moving average is $25.97.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results 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 business had revenue of $374.25 million during 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%.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. Research analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on SRAD shares. Arete started coverage on Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price target on the stock. Morgan Stanley boosted their price target on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Roth Capital assumed coverage on Sportradar Group in a research report on Friday, September 12th. They set a "buy" rating and a $40.00 price target on the stock. Macquarie assumed coverage on Sportradar Group in a research report on Friday, June 20th. They set an "outperform" rating and a $32.00 price target on the stock. Finally, JMP Securities boosted their price target on Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.88.

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.