Invesco Ltd. increased its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,923 shares of the company's stock after acquiring an additional 38,676 shares during the period. Invesco Ltd.'s holdings in Sportradar Group were worth $10,095,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after acquiring an additional 551 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Sportradar Group during the 1st quarter worth approximately $52,000. Battery Global Advisors LLC boosted its position in shares of Sportradar Group by 2,800.0% during 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 period. Finally, Ancora Advisors LLC boosted its holdings in Sportradar Group by 37.0% during the 4th quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock valued at $119,000 after acquiring an additional 1,850 shares during the period.
Wall Street Analyst Weigh In
Several brokerages have weighed in on SRAD. UBS Group upped their price target on Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Morgan Stanley upped 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 report on Wednesday, August 6th. Truist Financial lifted their target price on Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, Needham & Company LLC increased their price objective on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.
Check Out Our Latest Research Report on SRAD
Sportradar Group Trading Down 1.6%
Shares of NASDAQ SRAD traded down $0.50 during midday trading on Wednesday, hitting $31.29. The stock had a trading volume of 888,159 shares, compared to its average volume of 2,024,872. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 1-year low of $11.35 and a 1-year high of $32.22. The company has a fifty day moving average price of $28.97 and a 200 day moving average price of $24.80. The company has a market capitalization of $34.82 billion, a price-to-earnings ratio of 86.92 and a beta of 2.07.
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, beating analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The business had revenue of $374.25 million for the quarter, compared to the consensus estimate of $315.30 million. The business's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.
Sportradar Group Profile
(
Free Report)
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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