Public Employees Retirement System of Ohio Grows Holdings in Sportradar Group AG $SRAD

Public Employees Retirement System of Ohio grew its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 161.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 467,918 shares of the company's stock after purchasing an additional 289,148 shares during the period. Public Employees Retirement System of Ohio's holdings in Sportradar Group were worth $13,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp purchased a new position in shares of Sportradar Group during the fourth quarter valued at $1,236,000. Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 9.0% during the first quarter. Moody National Bank Trust Division now owns 149,217 shares of the company's stock valued at $3,226,000 after buying an additional 12,291 shares during the period. SG Americas Securities LLC purchased a new position in shares of Sportradar Group during the first quarter valued at $1,840,000. Fifth Third Bancorp purchased a new position in shares of Sportradar Group during the first quarter valued at $360,000. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Sportradar Group during the first quarter valued at $4,986,000.

Sportradar Group Price Performance

Shares of SRAD stock opened at $28.97 on Friday. Sportradar Group AG has a 1-year low of $11.72 and a 1-year high of $32.22. The stock's 50-day moving average is $29.92 and its 200 day moving average is $26.15. The company has a market cap of $8.68 billion, a P/E ratio of 80.47 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $374.25 million for the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Research analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SRAD. Roth Capital began coverage on Sportradar Group in a research note on Friday, September 12th. They set a "buy" rating and a $40.00 price target on the stock. Jefferies Financial Group raised their price target on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Morgan Stanley raised their price target on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Truist Financial raised their price target on Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Arete Research raised Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.88.

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.

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