Trexquant Investment LP Raises 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 stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,946 shares of the company's stock after purchasing an additional 18,069 shares during the quarter. Trexquant Investment LP's holdings in Sportradar Group were worth $4,344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Granahan Investment Management LLC lifted its stake in shares of Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after purchasing an additional 930,310 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Sportradar Group during the 1st quarter valued at about $20,657,000. D. E. Shaw & Co. Inc. increased its position in Sportradar Group by 93.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 769,388 shares of the company's stock valued at $13,341,000 after buying an additional 372,269 shares in the last quarter. Two Sigma Investments LP increased its position in Sportradar Group by 134.9% during the 4th quarter. Two Sigma Investments LP now owns 534,270 shares of the company's stock valued at $9,264,000 after buying an additional 306,788 shares in the last quarter. Finally, Invesco Ltd. increased its position in Sportradar Group by 9.0% during the 1st quarter. Invesco Ltd. now owns 466,923 shares of the company's stock valued at $10,095,000 after buying an additional 38,676 shares in the last quarter.

Sportradar Group Stock Performance

Shares of SRAD stock traded down $0.03 during mid-day trading on Friday, reaching $30.87. The stock had a trading volume of 1,958,869 shares, compared to its average volume of 1,485,416. The business's fifty day moving average is $29.59 and its 200-day moving average is $25.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 85.75 and a beta of 2.07. Sportradar Group AG has a 1-year low of $11.45 and a 1-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 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm had revenue of $374.25 million for the quarter, compared to the consensus estimate of $315.30 million. The company's revenue 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 forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on SRAD shares. JMP Securities upped their target price on Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research report on Wednesday. Truist Financial upped their target price on Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Macquarie started coverage on Sportradar Group in a research report on Friday, June 20th. They set an "outperform" rating and a $32.00 target price on the stock. Morgan Stanley upped their target price on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Arete started coverage on Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.88.

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.