Graham Capital Management L.P. Increases Stake in Sportradar Group AG $SRAD

Key Points

• Graham Capital Management L.P. increased its stake in Sportradar Group AG by 21.2%, holding a total of 54,004 shares valued at approximately $1,168,000.
• Analysts have raised their price targets for Sportradar Group, with UBS Group setting a target of $39.00 and Morgan Stanley raising theirs to $26.00.
• Sportradar Group reported $0.17 EPS for the last quarter, exceeding expectations of $0.04 EPS, with revenues reaching $374.25 million, which is up 14.1% year-over-year.

Graham Capital Management L.P. raised its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,004 shares of the company's stock after purchasing an additional 9,457 shares during the period. Graham Capital Management L.P.'s holdings in Sportradar Group were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SRAD. Barclays PLC increased its stake in Sportradar Group by 60.9% in the fourth quarter. Barclays PLC now owns 9,523 shares of the company's stock valued at $165,000 after purchasing an additional 3,605 shares in the last quarter. First Trust Advisors LP bought a new stake in Sportradar Group in the fourth quarter valued at $300,000. Hsbc Holdings PLC increased its stake in Sportradar Group by 13.2% in the fourth quarter. Hsbc Holdings PLC now owns 21,438 shares of the company's stock valued at $373,000 after purchasing an additional 2,495 shares in the last quarter. Ancora Advisors LLC increased its stake in Sportradar Group by 37.0% in the fourth quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock valued at $119,000 after purchasing an additional 1,850 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Sportradar Group during the fourth quarter valued at about $2,156,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SRAD. The Goldman Sachs Group began coverage on shares of Sportradar Group in a report on Monday, July 21st. They set a "neutral" rating and a $31.00 price objective for the company. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Morgan Stanley boosted their price target on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. JMP Securities boosted their price target on shares of Sportradar Group from $30.00 to $36.00 and gave the stock a "market outperform" rating in a report on Wednesday, September 3rd. Finally, Arete assumed coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price objective on the stock. One equities 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.88.

Sportradar Group Price Performance

Sportradar Group stock traded down $0.11 during midday trading on Tuesday, reaching $30.88. 226,511 shares of the stock were exchanged, compared to its average volume of 1,664,641. 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 quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $9.25 billion, a PE ratio of 85.71 and a beta of 2.07. The company's fifty day moving average is $29.65 and its 200-day moving average is $25.34.

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, beating the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The firm had revenue of $374.25 million during the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

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.