K.J. Harrison & Partners Inc Takes $1.40 Million Position in Sportradar Group AG $SRAD

K.J. Harrison & Partners Inc acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $1,404,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SRAD. Informed Momentum Co LLC purchased a new position in Sportradar Group in the first quarter valued at $1,346,000. Natixis Advisors LLC acquired a new stake in shares of Sportradar Group during the first quarter worth about $411,000. Integrity Alliance LLC. acquired a new stake in shares of Sportradar Group during the first quarter worth about $321,000. T. Rowe Price Investment Management Inc. acquired a new stake in Sportradar Group in the first quarter valued at about $20,657,000. Finally, Graham Capital Management L.P. lifted its position in Sportradar Group by 21.2% in the first quarter. Graham Capital Management L.P. now owns 54,004 shares of the company’s stock valued at $1,168,000 after purchasing an additional 9,457 shares during the period.

Sportradar Group Stock Up 0.5%

SRAD stock opened at $25.61 on Monday. The stock has a market capitalization of $7.67 billion, a P/E ratio of 71.14 and a beta of 2.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. Sportradar Group AG has a one year low of $12.26 and a one year high of $32.22. The company has a 50 day moving average price of $28.41 and a two-hundred day moving average price of $27.06.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating 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 net margin of 9.35% and a return on equity of 11.74%. 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. As a group, sell-side analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SRAD. Zacks Research downgraded shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Needham & Company LLC lifted their price target on shares of Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings upgraded shares of Sportradar Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Roth Capital assumed coverage on shares of Sportradar Group in a research note on Friday, September 12th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Truist Financial raised their price objective on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target 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.