Blair William & Co. IL Invests $201,000 in Sportradar Group AG $SRAD

Blair William & Co. IL purchased a new position in Sportradar Group AG (NASDAQ:SRAD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,175 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds have also modified their holdings of the stock. US Bancorp DE increased its stake in shares of Sportradar Group by 446.8% in the second quarter. US Bancorp DE now owns 33,893 shares of the company’s stock worth $952,000 after acquiring an additional 27,695 shares during the last quarter. Fortis Advisors LLC acquired a new position in shares of Sportradar Group in the second quarter worth $225,000. Joel Isaacson & Co. LLC acquired a new position in shares of Sportradar Group in the second quarter worth $1,350,000. Truist Financial Corp increased its position in Sportradar Group by 4.7% during the second quarter. Truist Financial Corp now owns 21,829 shares of the company’s stock worth $613,000 after buying an additional 973 shares during the last quarter. Finally, ORG Partners LLC increased its position in Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after buying an additional 962 shares during the last quarter.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $26.35 on Monday. The business has a 50 day moving average price of $29.19 and a 200 day moving average price of $26.70. Sportradar Group AG has a twelve month low of $12.20 and a twelve month high of $32.22. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 73.19 and a beta of 2.02. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share 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 the consensus estimate of $315.30 million. The business’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.

Wall Street Analysts Forecast Growth

SRAD has been the topic of several analyst reports. Needham & Company LLC increased their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Truist Financial increased their target price on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Morgan Stanley increased their target price on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Zacks Research downgraded shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, UBS Group increased their target price on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.