Sportradar Group AG $SRAD Shares Sold by Sellaronda Global Management LP

Key Points

• Sellaronda Global Management LP has reduced its stake in Sportradar Group AG by 48.4%, owning 438,766 shares now valued at approximately $9.49 million.
• Analysts have upgraded their ratings for Sportradar Group, with an average price target of $30.50 and thirteen out of seventeen analysts recommending a "Buy" rating.
• In its latest quarterly earnings, Sportradar Group reported $374.25 million in revenue, significantly surpassing expectations, with a 14.1% increase from the previous year.

Sellaronda Global Management LP lessened its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 48.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 438,766 shares of the company's stock after selling 411,234 shares during the quarter. Sportradar Group makes up 9.5% of Sellaronda Global Management LP's investment portfolio, making the stock its 6th largest holding. Sellaronda Global Management LP's holdings in Sportradar Group were worth $9,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after purchasing an additional 551 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Sportradar Group during the 1st quarter worth $52,000. Battery Global Advisors LLC grew its stake in Sportradar Group by 2,800.0% during the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock worth $60,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Sportradar Group by 37.0% during the 4th quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock worth $119,000 after purchasing an additional 1,850 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. JMP Securities boosted their target price on Sportradar Group from $25.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 15th. Truist Financial boosted their target price on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Arete Research raised Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Finally, Arete initiated coverage on Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Sportradar Group Stock Down 0.5%

Shares of NASDAQ:SRAD traded down $0.1550 on Monday, hitting $31.4750. 523,552 shares of the company's stock were exchanged, compared to its average volume of 1,685,267. The firm's 50-day moving average is $28.57 and its 200 day moving average is $24.64. The company has a market capitalization of $35.02 billion, a PE ratio of 87.64 and a beta of 2.07. Sportradar Group AG has a 1-year low of $11.35 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.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.13. The business had revenue of $374.25 million during the quarter, compared to analysts' expectations of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current 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.