Acadian Asset Management LLC Has $31.57 Million Stock Position in Sportradar Group AG $SRAD

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 raised its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 34.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,461,619 shares of the company's stock after acquiring an additional 378,163 shares during the period. Acadian Asset Management LLC owned 0.13% of Sportradar Group worth $31,574,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Integrity Alliance LLC. purchased a new stake in Sportradar Group during the 1st quarter worth $321,000. Goldman Sachs Group Inc. boosted its position in Sportradar Group by 175.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company's stock worth $13,197,000 after purchasing an additional 388,769 shares during the period. Nixon Capital LLC boosted its position in Sportradar Group by 8.2% during the 1st quarter. Nixon Capital LLC now owns 519,059 shares of the company's stock worth $11,222,000 after purchasing an additional 39,321 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sportradar Group during the 1st quarter worth $573,000. Finally, BW Gestao de Investimentos Ltda. purchased a new stake in Sportradar Group during the 1st quarter worth $657,000.

Sportradar Group Price Performance

Shares of Sportradar Group stock traded up $0.33 on Friday, hitting $30.33. The company had a trading volume of 914,087 shares, compared to its average volume of 1,427,843. The company has a market cap of $9.08 billion, a PE ratio of 84.25 and a beta of 2.07. Sportradar Group AG has a 52 week low of $11.56 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 business has a 50-day simple moving average of $29.86 and a 200-day simple moving average of $25.58.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued 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 during 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 firm's revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. Research analysts expect 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 have recently issued reports on SRAD shares. Truist Financial upped their target price on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Macquarie started coverage on shares of Sportradar Group in a research note on Friday, June 20th. They issued an "outperform" rating and a $32.00 target price on the stock. Jefferies Financial Group upped their target price on shares of Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Arete Research upgraded shares of Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Finally, The Goldman Sachs Group started coverage on shares of Sportradar Group in a research note on Monday, July 21st. They set a "neutral" rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.41.

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.