PDT Partners LLC Acquires New Holdings in Sportradar Group AG $SRAD

Key Points

• PDT Partners LLC invested approximately $544,000 in Sportradar Group AG by acquiring 25,177 shares, according to their recent SEC filing.
• Several analyst firms have recently issued ratings on Sportradar, with a consensus rating of "Moderate Buy" and an average target price of $30.88.
• Sportradar Group reported a quarterly earnings per share (EPS) of $0.17, significantly beating analyst estimates, with revenues reaching $374.25 million for the quarter.

PDT Partners LLC acquired a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,177 shares of the company's stock, valued at approximately $544,000.

Several other large investors also recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in 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 acquiring an additional 537 shares during the period. SBI Securities Co. Ltd. increased its position in Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after acquiring an additional 551 shares during the period. Atlas Capital Advisors Inc. bought a new position in Sportradar Group during the first quarter worth about $52,000. Battery Global Advisors LLC increased its position in 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 acquiring an additional 2,660 shares during the period. Finally, Twin Tree Management LP bought a new position in Sportradar Group during the first quarter worth about $88,000.

Sportradar Group Price Performance

Shares of SRAD traded down $0.03 during mid-day trading on Friday, reaching $30.87. The company had a trading volume of 1,958,869 shares, compared to its average volume of 1,487,210. 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 $9.24 billion, a price-to-earnings ratio of 85.75 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

A number of equities analysts recently commented on SRAD shares. Arete Research raised shares of Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. UBS Group increased their price objective on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Truist Financial increased their price objective on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Zacks Research upgraded shares of Sportradar Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Morgan Stanley increased their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and an average target price of $30.88.

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.