Sportradar Group AG $SRAD Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Sportradar Group AG by 20.7%, owning 76,571 shares valued at approximately $1.655 million by the end of the first quarter.
• Sportradar reported a strong quarterly performance, beating analyst expectations with $0.17 EPS and revenues of $374.25 million, which is a 14.1% year-over-year increase.
• Thirteen research analysts currently rate Sportradar stock as a "Buy", with an average price target of $30.50, reflecting positive market sentiment toward the company.

Russell Investments Group Ltd. lifted its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 20.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,571 shares of the company's stock after buying an additional 13,132 shares during the period. Russell Investments Group Ltd.'s holdings in Sportradar Group were worth $1,655,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Informed Momentum Co LLC acquired a new stake in shares of Sportradar Group during the first quarter worth about $1,346,000. Invesco Ltd. boosted its stake in shares of Sportradar Group by 9.0% during the first quarter. Invesco Ltd. now owns 466,923 shares of the company's stock worth $10,095,000 after buying an additional 38,676 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Sportradar Group during the first quarter worth about $52,000. Battery Global Advisors LLC boosted its stake in shares of Sportradar Group by 2,800.0% during the first quarter. Battery Global Advisors LLC now owns 2,755 shares of the company's stock worth $60,000 after buying an additional 2,660 shares during the period. Finally, US Bancorp DE boosted its stake 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.

Sportradar Group Trading Up 0.8%

Shares of Sportradar Group stock opened at $31.79 on Wednesday. Sportradar Group AG has a 12-month low of $11.35 and a 12-month high of $32.22. 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 stock has a market cap of $35.37 billion, a PE ratio of 88.31 and a beta of 2.07. The company has a 50-day moving average of $28.85 and a two-hundred day moving average of $24.76.

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 analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $374.25 million during the quarter, compared to analysts' expectations of $315.30 million. Sportradar Group's revenue for the quarter was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SRAD shares. 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 report on Wednesday, July 16th. JMP Securities raised their price objective on shares of Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 15th. Macquarie started coverage on shares of Sportradar Group in a research report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Sportradar Group in a research report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective for the company. 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 report 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.50.

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.

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