Sellaronda Global Management LP Lowers Stock Position in Sportradar Group AG $SRAD

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 trimmed its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 48.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 438,766 shares of the company's stock after selling 411,234 shares during the quarter. Sportradar Group makes up approximately 9.5% of Sellaronda Global Management LP's portfolio, making the stock its 6th largest position. Sellaronda Global Management LP's holdings in Sportradar Group were worth $9,486,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after acquiring an additional 537 shares in the last quarter. SBI Securities Co. Ltd. raised 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 valued at $46,000 after purchasing an additional 551 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Sportradar Group in the first quarter valued at $52,000. Battery Global Advisors LLC lifted its holdings in shares of Sportradar Group by 2,800.0% in the first quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock valued at $60,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Sportradar Group by 37.0% in the fourth quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock valued at $119,000 after purchasing an additional 1,850 shares in the last quarter.

Wall Street Analysts Forecast Growth

SRAD has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Arete Research upgraded Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. JMP Securities increased their target price on Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a report on Tuesday, July 15th. Needham & Company LLC raised their price target on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Macquarie initiated coverage on shares of Sportradar Group in a report on Friday, June 20th. They set an "outperform" rating and a $32.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Sportradar Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.50.

Sportradar Group Stock Performance

SRAD stock traded up $0.46 on Friday, reaching $31.63. 1,540,953 shares of the company were exchanged, compared to its average volume of 2,032,694. Sportradar Group AG has a 12 month low of $11.35 and a 12 month high of $31.91. The stock's fifty day moving average price is $28.57 and its 200 day moving average price is $24.60. The firm has a market capitalization of $35.20 billion, a PE ratio of 87.86 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 announced its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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 business 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. On average, research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal 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.