Sportradar Group AG $SRAD Shares Acquired by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D increased its holdings in Sportradar Group AG by 779.2%, bringing its total stake to 206,050 shares valued at $4.45 million.
• Sportradar Group's stock opened at $30.35 and reported strong quarterly earnings, with an EPS of $0.17, significantly exceeding analyst estimates.
• Multiple institutional investors have also raised their stakes in Sportradar, with Pacer Advisors Inc. increasing their position by 43.9% in the same quarter.

State of New Jersey Common Pension Fund D grew its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 779.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,050 shares of the company's stock after acquiring an additional 182,615 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Sportradar Group were worth $4,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. 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 last quarter. 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 last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock valued at $755,000 after acquiring an additional 691 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after acquiring an additional 1,287 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after acquiring an additional 1,414 shares during the last quarter.

Sportradar Group Stock Performance

SRAD stock traded down $0.10 during trading on Monday, reaching $31.53. 1,132,774 shares of the company's stock were exchanged, compared to its average volume of 2,045,636. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 1-year low of $11.35 and a 1-year high of $32.22. The company's fifty day moving average price is $28.71 and its 200-day moving average price is $24.71. The firm has a market cap of $35.09 billion, a PE ratio of 87.58 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $374.25 million during 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%.The business'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, research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

SRAD has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Sportradar Group in a report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price target for the company. Morgan Stanley upped their price objective on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Macquarie began coverage on Sportradar Group in a research note on Friday, June 20th. They set an "outperform" rating and a $32.00 price objective for the company. Arete began coverage on Sportradar Group in a research note on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price objective for the company. Finally, Arete Research upgraded Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sportradar Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.50.

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.