Nixon Capital LLC Has $11.22 Million Position in Sportradar Group AG $SRAD

Key Points

• Nixon Capital LLC has increased its stake in Sportradar Group AG by 8.2%, now holding 519,059 shares valued at approximately $11.2 million.
• Sportradar reported an earnings per share (EPS) of $0.17, significantly beating analysts' expectations of $0.04, with revenue of $374.25 million for the quarter.
• Analysts have positive outlooks on Sportradar Group, with the stock holding a consensus rating of "Moderate Buy" and an average price target of $30.88.

Nixon Capital LLC boosted its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 519,059 shares of the company's stock after acquiring an additional 39,321 shares during the period. Sportradar Group accounts for about 3.9% of Nixon Capital LLC's portfolio, making the stock its 14th biggest position. Nixon Capital LLC's holdings in Sportradar Group were worth $11,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sportradar Group in the 1st quarter valued at $573,000. BW Gestao de Investimentos Ltda. bought a new position in shares of Sportradar Group in the 1st quarter valued at $657,000. PDT Partners LLC bought a new position in shares of Sportradar Group in the 1st quarter valued at $544,000. Graham Capital Management L.P. increased its stake in shares of Sportradar Group by 21.2% in the 1st quarter. Graham Capital Management L.P. now owns 54,004 shares of the company's stock valued at $1,168,000 after purchasing an additional 9,457 shares during the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Sportradar Group in the 1st quarter valued at $88,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SRAD. The Goldman Sachs Group began coverage on Sportradar Group in a research note on Monday, July 21st. They issued a "neutral" rating and a $31.00 price target on the stock. Zacks Research upgraded Sportradar Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Jefferies Financial Group lifted their price target on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Needham & Company LLC lifted their price target on Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley lifted their price target on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.88.

Sportradar Group Price Performance

SRAD stock traded up $0.26 during midday trading on Wednesday, reaching $31.44. 445,974 shares of the stock were exchanged, compared to its average volume of 1,664,027. The stock has a market capitalization of $9.42 billion, a PE ratio of 87.34 and a beta of 2.07. Sportradar Group AG has a 52 week low of $11.45 and a 52 week 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. The company has a fifty day moving average price of $29.72 and a 200 day moving average price of $25.39.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data 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 business 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%.The business's quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

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.