Trexquant Investment LP Increases Holdings in Sportradar Group AG $SRAD

Key Points

• Trexquant Investment LP increased its holdings in Sportradar Group AG by 9.9%, owning a total of 200,946 shares worth approximately $4.34 million.
• Sportradar reported earnings of $0.17 per share, significantly surpassing analysts' expectations of $0.04 and reflecting a year-over-year revenue growth of 14.1%.
• Research analysts generally rate Sportradar as a "Moderate Buy", with the average price target set at $30.50.

Trexquant Investment LP increased its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,946 shares of the company's stock after purchasing an additional 18,069 shares during the period. Trexquant Investment LP's holdings in Sportradar Group were worth $4,344,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake 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 purchasing an additional 537 shares during the period. SBI Securities Co. Ltd. grew its stake in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after acquiring an additional 551 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Sportradar Group in the first quarter valued at approximately $52,000. Battery Global Advisors LLC grew its stake in 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 acquiring an additional 2,660 shares during the period. Finally, Ancora Advisors LLC grew its stake in 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 acquiring an additional 1,850 shares during the period.

Analyst Ratings Changes

A number of brokerages have commented on SRAD. Zacks Research raised Sportradar Group from a "hold" rating to a "strong-buy" rating in a research note on Monday. Needham & Company LLC raised their price objective on Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Jefferies Financial Group raised their price objective on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. JMP Securities raised their price objective on Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research note on Wednesday. Finally, Arete began coverage on Sportradar Group in a research note on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.88.

Sportradar Group Stock Performance

Sportradar Group stock traded down $0.30 during mid-day trading on Wednesday, reaching $30.52. 1,301,387 shares of the company's stock were exchanged, compared to its average volume of 1,860,186. The firm has a market capitalization of $33.96 billion, a PE ratio of 84.78 and a beta of 2.07. The business's fifty day simple moving average is $29.46 and its 200 day simple moving average is $25.12. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a one year low of $11.45 and a one year high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued 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. The firm had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Sportradar Group AG will post 0.15 earnings per share 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.