12,032 Shares in Sportradar Group AG (NASDAQ:SRAD) Acquired by Kestra Private Wealth Services LLC

Key Points

• Kestra Private Wealth Services LLC acquired a new position in Sportradar Group AG, purchasing 12,032 shares valued at approximately $260,000 in the first quarter.
• Analysts have raised their price targets for Sportradar, with reports indicating targets ranging from $27.00 to $32.00 and an overall average rating of "Moderate Buy."
• Sportradar Group recently reported earnings of $0.07 per share, surpassing analysts' expectations and showing a 17% year-over-year revenue increase to $336.71 million.

Kestra Private Wealth Services LLC purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,032 shares of the company's stock, valued at approximately $260,000.

A number of other hedge funds also recently bought and sold shares of SRAD. SBI Securities Co. Ltd. raised 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 valued at $46,000 after buying an additional 551 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Sportradar Group by 1.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock valued at $755,000 after purchasing an additional 691 shares in the last quarter. LPL Financial LLC lifted its stake in Sportradar Group by 3.7% during the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after buying an additional 1,287 shares in the last quarter. XTX Topco Ltd raised its position in Sportradar Group by 5.8% during the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after acquiring an additional 1,414 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on SRAD. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a report on Monday, May 12th. Canaccord Genuity Group upped their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. JMP Securities lifted their price objective on Sportradar Group from $25.00 to $30.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 15th. Jefferies Financial Group lifted 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, Arete Research upgraded Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.25.

Sportradar Group Stock Performance

Shares of Sportradar Group stock traded up $0.23 during midday trading on Thursday, hitting $29.56. The company had a trading volume of 144,682 shares, compared to its average volume of 1,626,951. The business's 50 day simple moving average is $26.53 and its two-hundred day simple moving average is $23.46. The stock has a market cap of $32.90 billion, a PE ratio of 155.23 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. Sportradar Group AG has a 1-year low of $10.06 and a 1-year high of $30.63.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The business's quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal 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.