Sportradar Group AG $SRAD Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Sportradar Group AG by 34.9%, holding approximately 1.46 million shares valued at $31.57 million.
• Sportradar Group reported a 14.1% year-over-year revenue growth for the quarter, reaching $374.25 million and exceeding analyst expectations.
• Equities analysts have given Sportradar Group a consensus rating of "Moderate Buy" with an average target price of $30.88, reflecting positive market sentiment.

Acadian Asset Management LLC increased its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 34.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,461,619 shares of the company's stock after acquiring an additional 378,163 shares during the quarter. Acadian Asset Management LLC owned approximately 0.13% of Sportradar Group worth $31,574,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SRAD. Pacer Advisors Inc. increased its holdings in shares of 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 holdings in shares of 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 shares of Sportradar Group in the 1st quarter valued at $52,000. Battery Global Advisors LLC increased its holdings in shares of 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, Twin Tree Management LP acquired a new position in shares of Sportradar Group in the 1st quarter valued at $88,000.

Sportradar Group Price Performance

Sportradar Group stock traded up $0.16 during mid-day trading on Tuesday, reaching $30.11. The company had a trading volume of 460,638 shares, compared to its average volume of 1,657,839. 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. The company has a market capitalization of $9.02 billion, a P/E ratio of 83.53 and a beta of 2.07. The stock's 50-day simple moving average is $29.90 and its 200-day simple moving average is $25.67.

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, equities analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SRAD. Arete Research raised shares of Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. JMP Securities boosted their price objective on shares of Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 3rd. Zacks Research upgraded shares of Sportradar Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Roth Capital assumed coverage on shares of Sportradar Group in a report on Friday. They issued a "buy" rating and a $40.00 target price on the stock. Finally, Truist Financial lifted their target price on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.41.

Sportradar Group 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.