Sportradar Group AG $SRAD Shares Acquired by AM Investment Strategies LLC

Key Points

• AM Investment Strategies LLC has significantly increased its stake in Sportradar Group AG by 886.7%, acquiring 460,690 shares and making the stock its 9th largest position.
• Sportradar Group's shares have an average target price of $31.88, with a consensus rating of "Moderate Buy" among analysts.
• The company reported earnings of $0.17 per share for the last quarter, exceeding analyst expectations, and had revenues of $374.25 million, reflecting a 14.1% year-over-year increase.

AM Investment Strategies LLC boosted its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 886.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 460,690 shares of the company's stock after purchasing an additional 414,000 shares during the period. Sportradar Group comprises 3.0% of AM Investment Strategies LLC's holdings, making the stock its 9th largest position. AM Investment Strategies LLC's holdings in Sportradar Group were worth $12,936,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Driehaus Capital Management LLC acquired a new stake in Sportradar Group in the 1st quarter valued at about $48,596,000. Acadian Asset Management LLC lifted its stake in Sportradar Group by 34.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company's stock valued at $31,574,000 after purchasing an additional 378,163 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Sportradar Group in the 1st quarter valued at about $20,657,000. Goldman Sachs Group Inc. lifted its stake in Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company's stock valued at $13,197,000 after purchasing an additional 388,769 shares during the last quarter. Finally, Nixon Capital LLC lifted its stake in Sportradar Group by 8.2% in the 1st quarter. Nixon Capital LLC now owns 519,059 shares of the company's stock valued at $11,222,000 after purchasing an additional 39,321 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Sportradar Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Morgan Stanley raised their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Arete assumed coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price objective for the company. Roth Capital assumed coverage on shares of Sportradar Group in a research report on Friday, September 12th. They set a "buy" rating and a $40.00 price objective for the company. Finally, Macquarie assumed coverage on shares of Sportradar Group in a research report on Friday, June 20th. They set an "outperform" rating and a $32.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and an average target price of $31.88.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD opened at $30.08 on Wednesday. The company's 50 day simple moving average is $29.97 and its 200 day simple moving average is $26.00. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 83.56 and a beta of 2.07. Sportradar Group AG has a 1 year low of $11.72 and a 1 year high of $32.22. 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 posted its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. The firm had revenue of $374.25 million for the quarter, compared to analysts' expectations of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

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.

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