25,177 Shares in Sportradar Group AG $SRAD Purchased by PDT Partners LLC

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new stake in Sportradar Group during the 4th quarter valued at $1,236,000. Informed Momentum Co LLC purchased a new stake in Sportradar Group in the first quarter worth $1,346,000. Natixis Advisors LLC bought a new stake in shares of Sportradar Group during the first quarter worth $411,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Sportradar Group during the first quarter worth $20,657,000. Finally, Fifth Third Bancorp bought a new stake in shares of Sportradar Group during the first quarter worth $360,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley lifted their target price on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. JMP Securities lifted their target price on Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group assumed coverage on Sportradar Group in a research report on Monday, July 21st. They set a "neutral" rating and a $31.00 target price for the company. Needham & Company LLC lifted their target price on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Macquarie assumed coverage on Sportradar Group in a research report on Friday, June 20th. They set an "outperform" rating and a $32.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.88.

Sportradar Group Stock Up 0.6%

SRAD traded up $0.18 on Wednesday, hitting $31.36. The company had a trading volume of 266,982 shares, compared to its average volume of 1,662,883. The stock has a fifty day moving average price of $29.72 and a 200-day moving average price of $25.39. Sportradar Group AG has a 12-month low of $11.45 and a 12-month 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 stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 87.17 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. Analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

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.