Nixon Capital LLC Raises Stock Holdings 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 grew its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 519,059 shares of the company's stock after acquiring an additional 39,321 shares during the quarter. Sportradar Group comprises 3.9% of Nixon Capital LLC's investment portfolio, making the stock its 14th largest position. Nixon Capital LLC's holdings in Sportradar Group were worth $11,222,000 as of its most recent SEC filing.

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

Sportradar Group Trading Down 0.1%

Sportradar Group stock traded down $0.03 during trading hours on Friday, reaching $30.87. The company had a trading volume of 1,958,869 shares, compared to its average volume of 1,487,210. 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 50-day moving average price of $29.59 and a 200 day moving average price of $25.28. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 85.75 and a beta of 2.07. Sportradar Group AG has a 12-month low of $11.45 and a 12-month high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS 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 analysts' expectations of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm'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. Equities analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Sportradar Group in a research report on Monday, July 21st. They set a "neutral" rating and a $31.00 price target for the company. Arete Research upgraded Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. JMP Securities boosted their target price on Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Truist Financial boosted their target price on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, UBS Group boosted their target price on Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.88.

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.