TD Asset Management Inc Buys New Shares in Sportradar Group AG (NASDAQ:SRAD)

Key Points

• TD Asset Management Inc purchased a new position in Sportradar Group AG, acquiring 17,504 shares valued at approximately $378,000 during the first quarter.
• A number of analysts have upgraded Sportradar Group's stock ratings recently, with Jefferies raising its price target from $27.00 to $32.00 and thirteen analysts giving the stock a "buy" rating.
• Sportradar Group reported $0.07 earnings per share for the last quarter, exceeding analysts' estimates and showing a 17.0% increase in revenue compared to the same quarter last year.

TD Asset Management Inc purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,504 shares of the company's stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. raised its position in 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 buying an additional 537 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after acquiring an additional 551 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after purchasing an additional 691 shares during the period. LPL Financial LLC raised 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 in the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after buying an additional 1,414 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SRAD shares. Jefferies Financial Group lifted their price target on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Arete Research upgraded Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. UBS Group boosted their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Morgan Stanley boosted their price target on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Finally, Truist Financial upped their price objective on Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.25.

Sportradar Group Trading Down 0.1%

SRAD opened at $29.53 on Tuesday. Sportradar Group AG has a one year low of $10.06 and a one year high of $30.63. The stock has a market capitalization of $32.86 billion, a PE ratio of 155.43 and a beta of 2.07. The business's 50 day moving average price is $26.99 and its 200 day moving average price is $23.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The business had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. The business's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

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.

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