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

Whittier Trust Co. bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 42,710 shares of the company’s stock, valued at approximately $1,199,000.

Several other large investors have also made changes to their positions in the business. TD Asset Management Inc increased its position in shares of Sportradar Group by 369.0% during the second quarter. TD Asset Management Inc now owns 82,094 shares of the company’s stock worth $2,305,000 after purchasing an additional 64,590 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sportradar Group during the second quarter worth approximately $257,000. Wealthstar Advisors LLC increased its position in shares of Sportradar Group by 7.0% during the second quarter. Wealthstar Advisors LLC now owns 46,603 shares of the company’s stock worth $1,309,000 after purchasing an additional 3,055 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Sportradar Group during the second quarter worth approximately $201,000. Finally, US Bancorp DE increased its position in shares of Sportradar Group by 446.8% during the second quarter. US Bancorp DE now owns 33,893 shares of the company’s stock worth $952,000 after purchasing an additional 27,695 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley boosted their price target 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. Needham & Company LLC upped their target price on Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Roth Capital initiated coverage on Sportradar Group in a research note on Friday, September 12th. They issued a “buy” rating and a $40.00 price target on the stock. Arete Research raised Sportradar Group to a “hold” rating in a research note on Wednesday, July 9th. Finally, 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. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.88.

Sportradar Group Stock Up 1.8%

SRAD opened at $27.50 on Thursday. 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 business has a 50 day simple moving average of $29.04 and a 200-day simple moving average of $26.75. The stock has a market capitalization of $8.24 billion, a P/E ratio of 76.39 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) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $374.25 million during the quarter, compared to analysts’ expectations of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.Sportradar Group’s quarterly revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

About Sportradar Group

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.