Integrity Alliance LLC. Buys Shares of 14,830 Sportradar Group AG $SRAD

Key Points

• Integrity Alliance LLC purchased 14,830 shares of Sportradar Group AG, worth approximately $321,000, as reported in their recent SEC filing.
• Sportradar Group's shares have received multiple upgrades from analysts, with price targets ranging from $32.00 to $34.00, reflecting a generally positive outlook on the stock.
• The company reported impressive earnings, with a $0.17 EPS that surpassed expectations, and a revenue of $374.25 million, up 14.1% year-over-year.

Integrity Alliance LLC. bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,830 shares of the company's stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after buying an additional 537 shares during the last quarter. SBI Securities Co. Ltd. lifted its position 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 buying an additional 551 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Sportradar Group in the first quarter worth about $52,000. Battery Global Advisors LLC lifted its position in shares of Sportradar Group by 2,800.0% in the first quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock worth $60,000 after buying an additional 2,660 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of Sportradar Group in the first quarter worth about $88,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SRAD shares. Macquarie started coverage on Sportradar Group in a research report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target for the company. Needham & Company LLC boosted their price target on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Truist Financial boosted their price target on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Jefferies Financial Group boosted their price target on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, Zacks Research raised Sportradar Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.41.

Sportradar Group Stock Up 1.1%

Shares of SRAD stock opened at $30.33 on Friday. The stock has a market cap of $9.08 billion, a P/E ratio of 84.25 and a beta of 2.07. Sportradar Group AG has a one year low of $11.56 and a one year high of $32.22. The stock has a fifty day moving average price of $29.86 and a 200 day moving average price of $25.58. 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 (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.04 by $0.13. The firm had revenue of $374.25 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Analysts predict 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.

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