TD Asset Management Inc Purchases 64,590 Shares of Sportradar Group AG $SRAD

Key Points

• TD Asset Management Inc significantly increased its investment in Sportradar Group AG by 369.0%, now holding a total of 82,094 shares worth approximately $2.3 million.
• Analysts have mixed opinions on Sportradar Group, with a consensus rating of "Moderate Buy" and an average target price of $31.88, despite recent downgrades from some investment firms.
• Sportradar reported earnings that exceeded expectations, with an EPS of $0.17 and revenue of $374.25 million for the last quarter, marking a year-over-year growth of 14.1%.

TD Asset Management Inc increased its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 369.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,094 shares of the company's stock after purchasing an additional 64,590 shares during the period. TD Asset Management Inc's holdings in Sportradar Group were worth $2,305,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. ORG Partners LLC lifted its holdings 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 worth $28,000 after purchasing an additional 962 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings 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 worth $44,000 after purchasing an additional 1,529 shares in the last quarter. Pacer Advisors Inc. lifted 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 worth $38,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. lifted 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 worth $46,000 after purchasing 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 worth $52,000.

Analyst Upgrades and Downgrades

SRAD has been the subject of a number of analyst reports. Weiss Ratings lowered Sportradar Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Zacks Research cut Sportradar Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Jefferies Financial Group raised their price objective on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Morgan Stanley raised their price objective on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on Sportradar Group from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell 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 $31.88.

Sportradar Group Trading Up 3.1%

Shares of Sportradar Group stock opened at $27.01 on Wednesday. Sportradar Group AG has a 1 year low of $12.20 and a 1 year high of $32.22. The firm has a market cap of $8.09 billion, a PE ratio of 75.03 and a beta of 2.02. The stock has a fifty day moving average price of $29.11 and a 200-day moving average price of $26.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. The firm's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate 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.

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