William Blair Investment Management LLC Has $35.74 Million Position in Sportradar Group AG $SRAD

Key Points

• William Blair Investment Management LLC reduced its stake in Sportradar Group AG by 14.7%, now holding approximately 1.27 million shares valued at $35.74 million.
• Several institutional investors, including Driehaus Capital Management and Goldman Sachs Group, have recently modified their holdings, with significant increases in their positions during the first quarter.
• Sportradar reported a 14.1% increase in revenue year-over-year, reaching $374.25 million, and exceeded earnings expectations with $0.17 earnings per share.

William Blair Investment Management LLC reduced its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,272,792 shares of the company's stock after selling 220,120 shares during the period. William Blair Investment Management LLC owned about 0.11% of Sportradar Group worth $35,740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SRAD. Driehaus Capital Management LLC acquired a new position in shares of Sportradar Group during the first quarter worth about $48,596,000. T. Rowe Price Investment Management Inc. acquired a new position in Sportradar Group during the first quarter valued at approximately $20,657,000. AM Investment Strategies LLC boosted its position in Sportradar Group by 886.7% during the second quarter. AM Investment Strategies LLC now owns 460,690 shares of the company's stock valued at $12,936,000 after purchasing an additional 414,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Sportradar Group by 175.4% during the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company's stock valued at $13,197,000 after purchasing an additional 388,769 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Sportradar Group by 34.9% during the first quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company's stock valued at $31,574,000 after purchasing an additional 378,163 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group increased their price target on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Weiss Ratings cut Sportradar Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Needham & Company LLC increased their price target on Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Zacks Research cut Sportradar Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. increased their price target on Sportradar Group from $30.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.88.

Sportradar Group Price Performance

NASDAQ:SRAD opened at $26.35 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average price is $29.19 and its two-hundred day moving average price is $26.66. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 73.19 and a beta of 2.02. 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 analysts' consensus estimates of $0.04 by $0.13. The company had revenue of $374.25 million for 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 company'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, analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

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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