Graham Capital Management L.P. lifted its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 21.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,004 shares of the company's stock after acquiring an additional 9,457 shares during the period. Graham Capital Management L.P.'s holdings in Sportradar Group were worth $1,168,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SRAD. Mackenzie Financial Corp bought a new position in shares of Sportradar Group during the 4th quarter worth approximately $1,236,000. Informed Momentum Co LLC bought a new position in Sportradar Group during the first quarter worth $1,346,000. Natixis Advisors LLC bought a new position in Sportradar Group during the first quarter worth $411,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Sportradar Group in the first quarter valued at about $20,657,000. Finally, Fifth Third Bancorp bought a new stake in shares of Sportradar Group in the first quarter valued at about $360,000.
Analysts Set New Price Targets
Several research firms recently weighed in on SRAD. Arete began coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price objective for the company. Macquarie began coverage on shares of Sportradar Group in a report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target on the stock. Arete Research raised Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. The Goldman Sachs Group assumed coverage on Sportradar Group in a research report on Monday, July 21st. They issued a "neutral" rating and a $31.00 target price for the company. 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 equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.88.
Check Out Our Latest Research Report on SRAD
Sportradar Group Trading Up 1.0%
Shares of Sportradar Group stock traded up $0.32 during midday trading on Monday, reaching $31.19. 2,028,334 shares of the company's stock traded hands, compared to its average volume of 1,668,686. 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 company has a market cap of $9.34 billion, a PE ratio of 86.60 and a beta of 2.07. The stock has a 50 day moving average of $29.59 and a 200-day moving average of $25.28. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.13. The company 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 was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.
Sportradar Group Company Profile
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Free Report)
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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