US Bancorp DE Acquires 27,695 Shares of Sportradar Group AG $SRAD

Key Points

• US Bancorp DE increased its stake in Sportradar Group AG by 446.8% in Q2, now owning 33,893 shares worth $952,000 after acquiring an additional 27,695 shares.
• Other hedge funds also boosted their stakes significantly, with ORG Partners LLC's stake increased by 2,137.8% in Q2.
• Sportradar Group reported $0.17 EPS for the last quarter, surpassing expectations, with a revenue increase of 14.1% year-over-year.

US Bancorp DE lifted its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 446.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,893 shares of the company's stock after acquiring an additional 27,695 shares during the period. US Bancorp DE's holdings in Sportradar Group were worth $952,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC boosted its stake in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company's stock worth $28,000 after acquiring an additional 962 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after acquiring an additional 537 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Sportradar Group by 3,058.0% in the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock worth $44,000 after buying an additional 1,529 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after buying an additional 551 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Sportradar Group in the first quarter worth about $52,000.

Sportradar Group Trading Down 2.1%

Shares of SRAD stock opened at $26.35 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. The stock's 50 day simple moving average is $29.19 and its two-hundred day simple moving average is $26.63. Sportradar Group AG has a 1 year low of $12.20 and a 1 year high of $32.22. The company has a market cap of $7.89 billion, a PE ratio of 73.19 and a beta of 2.02.

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. 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 for 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. Research analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SRAD shares. Zacks Research downgraded Sportradar Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. The Goldman Sachs Group started coverage on Sportradar Group in a research report on Monday, July 21st. They issued a "neutral" rating and a $31.00 target price on the stock. Arete Research upgraded Sportradar Group to a "hold" rating in a research report on Wednesday, July 9th. Truist Financial boosted their target price on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley boosted their target price on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.88.

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.

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