Magnetar Financial LLC Acquires Shares of 12,004 Sportradar Group AG $SRAD

Key Points

• Magnetar Financial LLC acquired 12,004 shares of Sportradar Group AG, valued at approximately $260,000, as part of their investment strategy during the 1st quarter.
• Recent analyst ratings show positive sentiment, with 13 analysts providing a Buy rating and a consensus price target of $30.50 for the stock.
• Sportradar's quarterly earnings exceeded expectations, reporting an EPS of $0.17 and revenue of $374.25 million, reflecting a 14.1% year-over-year growth.

Magnetar Financial LLC purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,004 shares of the company's stock, valued at approximately $260,000.

Other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in Sportradar Group during the fourth quarter worth approximately $1,236,000. Informed Momentum Co LLC acquired a new position in Sportradar Group during the first quarter worth approximately $1,346,000. Natixis Advisors LLC acquired a new position in Sportradar Group during the first quarter worth approximately $411,000. T. Rowe Price Investment Management Inc. acquired a new stake in Sportradar Group during the first quarter worth approximately $20,657,000. Finally, Fifth Third Bancorp acquired a new stake in Sportradar Group during the first quarter worth approximately $360,000.

Sportradar Group Price Performance

Shares of SRAD traded down $0.39 during mid-day trading on Monday, reaching $30.48. The company had a trading volume of 723,839 shares, compared to its average volume of 1,660,976. The company's 50 day simple moving average is $29.59 and its 200 day simple moving average is $25.28. Sportradar Group AG has a 1-year low of $11.45 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 84.01 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share 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 company had revenue of $374.25 million for the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SRAD. Arete initiated coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price objective for the company. UBS Group raised their target price on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Macquarie began coverage on Sportradar Group in a research note on Friday, June 20th. They set an "outperform" rating and a $32.00 price objective on the stock. Jefferies Financial Group raised their price objective on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, The Goldman Sachs Group began coverage on Sportradar Group in a research note on Monday, July 21st. They set a "neutral" rating and a $31.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus price target of $30.88.

Sportradar Group Company 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.