Joel Isaacson & Co. LLC Takes $1.35 Million Position in Sportradar Group AG $SRAD

Key Points

• Joel Isaacson & Co. LLC acquired a new position in Sportradar Group AG, purchasing 48,082 shares valued at approximately $1.35 million during the 2nd quarter of the year.
• Sportradar Group reported earnings of $0.17 EPS for the quarter, significantly exceeding the consensus estimate of $0.04 EPS and showing a 14.1% year-over-year revenue increase, totaling $374.25 million.
• Despite recent analyst downgrades, Sportradar maintains a consensus rating of "Moderate Buy" with an average price target of $31.88, driven by positive growth forecasts.

Joel Isaacson & Co. LLC bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 48,082 shares of the company's stock, valued at approximately $1,350,000.

A number of other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC increased its position in Sportradar Group by 2,137.8% during the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 962 shares during the period. 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 buying an additional 537 shares during the period. TD Private Client Wealth LLC raised its stake in Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock worth $44,000 after buying an additional 1,529 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after buying an additional 551 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in Sportradar Group during the first quarter valued at $52,000.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $25.58 on Tuesday. Sportradar Group AG has a 1-year low of $11.72 and a 1-year high of $32.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The stock has a market cap of $7.66 billion, a PE ratio of 71.06 and a beta of 2.02. The stock's fifty day simple moving average is $29.69 and its two-hundred day simple moving average is $26.46.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $374.25 million during the quarter, compared to the consensus estimate of $315.30 million. The company'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 forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SRAD has been the subject of several research analyst reports. Arete Research raised Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Zacks Research lowered Sportradar Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. JMP Securities lifted their price objective on shares of Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 3rd. Arete assumed coverage on shares of Sportradar Group in a research note on Wednesday, July 9th. They set a "neutral" rating and a $31.00 target price on the stock. Finally, Roth Capital initiated coverage on shares of Sportradar Group in a research note on Friday, September 12th. They issued a "buy" rating and a $40.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Sportradar Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.88.

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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