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

A number of other large investors also recently bought and sold shares of SRAD. BNP Paribas Financial Markets acquired a new position in Sportradar Group in the 4th quarter worth about $2,156,000. Lazard Asset Management LLC raised its holdings in Sportradar Group by 152.7% in the 4th quarter. Lazard Asset Management LLC now owns 187,028 shares of the company's stock worth $3,243,000 after purchasing an additional 113,011 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after purchasing an additional 691 shares during the period. State of Wyoming raised its holdings in Sportradar Group by 499.5% in the 4th quarter. State of Wyoming now owns 27,642 shares of the company's stock worth $479,000 after purchasing an additional 23,031 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Sportradar Group by 134.9% in the 4th quarter. Two Sigma Investments LP now owns 534,270 shares of the company's stock worth $9,264,000 after purchasing an additional 306,788 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SRAD shares. Macquarie initiated coverage on Sportradar Group in a report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target for the company. Arete Research raised shares of Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group initiated coverage on shares of Sportradar Group in a research note on Monday, July 21st. They issued a "neutral" rating and a $31.00 price target on the stock. Needham & Company LLC raised their price target on shares of Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley raised their price target on shares of Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.41.

Sportradar Group Stock Up 1.9%

Shares of NASDAQ:SRAD traded up $0.54 during trading on Thursday, hitting $29.47. The company's stock had a trading volume of 1,606,314 shares, compared to its average volume of 1,459,035. The business has a 50 day moving average price of $29.92 and a two-hundred day moving average price of $25.78. The company has a market capitalization of $8.83 billion, a PE ratio of 81.86 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. Sportradar Group AG has a fifty-two week low of $11.72 and a fifty-two week 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 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 the consensus estimate of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The business'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. As a group, research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal 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.