State of Wyoming Sells 10,618 Shares of Sportradar Group AG $SRAD

Key Points

• The State of Wyoming reduced its holdings in Sportradar Group AG by 38.4% during Q1, owning 17,024 shares valued at $368,000 after selling 10,618 shares.
• Multiple hedge funds adjusted their positions, with Pacer Advisors Inc. increasing its stake in Sportradar Group by 43.9% during the same period.
• Wall Street analysts have set a consensus price target of $30.50 for Sportradar Group, with a majority rating it as a "Moderate Buy."

State of Wyoming cut its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 38.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,024 shares of the company's stock after selling 10,618 shares during the quarter. State of Wyoming's holdings in Sportradar Group were worth $368,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SRAD. T. Rowe Price Investment Management Inc. acquired a new stake in Sportradar Group in the first quarter valued at about $20,657,000. Granahan Investment Management LLC boosted its stake in Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after buying an additional 930,310 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Sportradar Group in the fourth quarter valued at about $6,801,000. D. E. Shaw & Co. Inc. boosted its stake in Sportradar Group by 93.7% in the fourth 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. Finally, Two Sigma Investments LP boosted its stake in Sportradar Group by 134.9% in the fourth 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.

Sportradar Group Price Performance

NASDAQ SRAD traded down $0.30 during trading on Wednesday, reaching $30.52. The company's stock had a trading volume of 1,301,387 shares, compared to its average volume of 1,860,186. The stock has a market capitalization of $33.96 billion, a PE ratio of 84.78 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. The firm has a fifty day moving average of $29.46 and a 200 day moving average of $25.12. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 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%.Sportradar Group'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. Analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. 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. Zacks Research raised Sportradar Group from a "hold" rating to a "strong-buy" rating in a research note on Monday. JMP Securities lifted their price objective on Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a research note on Wednesday. UBS Group lifted their target price on Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Morgan Stanley lifted their price target on shares of Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.88.

Sportradar Group 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.