Whittier Trust Co. Invests $1.20 Million in Sportradar Group AG $SRAD

Key Points

• Whittier Trust Co. has invested approximately $1.20 million in Sportradar Group AG, acquiring 42,710 shares during the second quarter.
• Sportradar Group reported a 14.1% year-over-year revenue increase with earnings per share of $0.17, significantly exceeding analysts' expectations.
• Multiple research firms have increased their price targets for Sportradar, with the consensus rating now at "Moderate Buy" and an average price target of $31.88.

Whittier Trust Co. purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,710 shares of the company's stock, valued at approximately $1,199,000.

A number of other large investors have also modified their holdings of SRAD. Lisanti Capital Growth LLC purchased a new stake in shares of Sportradar Group during the first quarter worth about $4,986,000. Wealthstar Advisors LLC acquired a new stake in shares of Sportradar Group during the first quarter worth about $942,000. Moody Aldrich Partners LLC lifted its holdings in shares of Sportradar Group by 78.2% during the first quarter. Moody Aldrich Partners LLC now owns 254,966 shares of the company's stock worth $5,512,000 after purchasing an additional 111,902 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Sportradar Group by 129.6% during the first quarter. Envestnet Asset Management Inc. now owns 68,544 shares of the company's stock worth $1,482,000 after purchasing an additional 38,686 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after purchasing an additional 551 shares during the period.

Sportradar Group Trading Up 1.8%

Shares of NASDAQ:SRAD opened at $27.50 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $8.24 billion, a PE ratio of 76.39 and a beta of 2.02. The business has a 50 day moving average of $29.04 and a two-hundred day moving average of $26.75. Sportradar Group AG has a 12-month low of $12.20 and a 12-month high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its 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 business had revenue of $374.25 million during the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.Sportradar Group'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, analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on SRAD. Jefferies Financial Group lifted their target price on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. lifted their target price on Sportradar Group from $30.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Morgan Stanley lifted their target price on Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. JMP Securities boosted their price target on Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a report on Wednesday, September 3rd. Finally, UBS Group boosted their price target on Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.88.

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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