Sportradar Group AG $SRAD Stake Cut by Wilson Asset Management International PTY Ltd.

Key Points

• Wilson Asset Management International PTY Ltd. has reduced its stake in Sportradar Group AG by 5.4% during the 2nd quarter, now holding 412,399 shares valued at approximately $11.58 million.
• Sportradar Group reported a quarterly earnings per share (EPS) of $0.17, significantly exceeding analyst estimates of $0.04, with revenue of $374.25 million, up 14.1% year-over-year.
• Analysts have a consensus target price of $31.88 for Sportradar Group shares, with the stock receiving a mix of buy and hold ratings from a number of financial institutions.

Wilson Asset Management International PTY Ltd. reduced its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,399 shares of the company's stock after selling 23,652 shares during the period. Sportradar Group comprises about 2.8% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 16th largest holding. Wilson Asset Management International PTY Ltd.'s holdings in Sportradar Group were worth $11,580,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ORG Partners LLC raised its stake in shares of Sportradar Group by 2,137.8% in the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company's stock valued at $28,000 after acquiring an additional 962 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Sportradar Group by 3,058.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock valued at $44,000 after acquiring an additional 1,529 shares in the last quarter. Pacer Advisors Inc. raised its stake 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 in the last quarter. SBI Securities Co. Ltd. raised its stake 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 in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Sportradar Group in the 1st quarter valued at approximately $52,000.

Sportradar Group Stock Performance

SRAD stock opened at $25.19 on Tuesday. The business's 50-day moving average price is $29.28 and its two-hundred day moving average price is $26.56. 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 firm has a market cap of $7.54 billion, a PE ratio of 69.97 and a beta of 2.02. Sportradar Group AG has a 1-year low of $12.20 and a 1-year high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. The company 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%.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. As a group, research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

SRAD has been the subject of several recent analyst reports. Truist Financial increased their target price on Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Morgan Stanley raised their price objective on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Arete initiated coverage on Sportradar Group in a research report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price objective for the company. Needham & Company LLC raised their price objective on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Arete Research upgraded Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.88.

Sportradar Group Company 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.

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