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Cresset Asset Management LLC Sells 9,715 Shares of Sportradar Group AG $SRAD

Sportradar Group logo with Consumer Discretionary background

Key Points

  • Cresset Asset Management LLC has reduced its position in Sportradar Group AG (NASDAQ:SRAD) by 34.6%, now holding 18,352 shares valued at approximately $397,000.
  • Analyst ratings for Sportradar have varied, with Goldman Sachs and Arete assigning a neutral rating, while UBS and Jefferies have set targets of $39.00 and $32.00 respectively.
  • Sportradar reported a quarterly earnings per share of $0.17, significantly beating the consensus estimate of $0.04, with revenue up 14.1% year-over-year.
  • Want stock alerts on Sportradar Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Cresset Asset Management LLC reduced its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 34.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,352 shares of the company's stock after selling 9,715 shares during the quarter. Cresset Asset Management LLC's holdings in Sportradar Group were worth $397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in 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 during the period. SBI Securities Co. Ltd. increased its position in Sportradar Group by 34.5% in the 1st 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 position in Sportradar Group in the 1st quarter valued at approximately $52,000. Battery Global Advisors LLC increased its position in Sportradar Group by 2,800.0% in the 1st 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, US Bancorp DE increased its position in shares of Sportradar Group by 178.6% during the first quarter. US Bancorp DE now owns 6,198 shares of the company's stock worth $134,000 after buying an additional 3,973 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. The Goldman Sachs Group started coverage on shares of Sportradar Group in a research note on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective on the stock. Macquarie started coverage on shares of Sportradar Group in a research note on Friday, June 20th. They issued an "outperform" rating and a $32.00 price objective on the stock. Truist Financial raised their price objective on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley raised their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.

View Our Latest Stock Analysis on Sportradar Group

Sportradar Group Price Performance

Sportradar Group stock traded down $0.50 during mid-day trading on Wednesday, hitting $31.29. 888,159 shares of the company traded hands, compared to its average volume of 2,024,872. Sportradar Group AG has a one year low of $11.35 and a one year high of $32.22. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 86.92 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a fifty day moving average price of $28.97 and a 200-day moving average price of $24.80.

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, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $315.30 million. Sportradar Group's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Sportradar Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sportradar Group (NASDAQ:SRAD)

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