Strs Ohio Makes New $6.97 Million Investment in Sportradar Group AG $SRAD

Strs Ohio bought a new position in Sportradar Group AG (NASDAQ:SRAD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 248,100 shares of the company’s stock, valued at approximately $6,967,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Informed Momentum Co LLC bought a new position in Sportradar Group in the 1st quarter worth about $1,346,000. Natixis Advisors LLC bought a new position in Sportradar Group in the 1st quarter worth about $411,000. Integrity Alliance LLC. bought a new position in Sportradar Group in the 1st quarter worth about $321,000. T. Rowe Price Investment Management Inc. bought a new position in Sportradar Group in the 1st quarter worth about $20,657,000. Finally, Graham Capital Management L.P. grew its position in Sportradar Group by 21.2% in the 1st quarter. Graham Capital Management L.P. now owns 54,004 shares of the company’s stock worth $1,168,000 after purchasing an additional 9,457 shares during the last quarter.

Sportradar Group Trading Up 0.5%

Shares of NASDAQ:SRAD opened at $25.61 on Monday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 71.14 and a beta of 2.02. Sportradar Group AG has a 1-year low of $12.26 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $28.41 and a 200 day moving average price of $27.06.

Sportradar Group (NASDAQ:SRAD) last issued 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 firm had revenue of $374.25 million during the quarter, compared to analysts’ expectations of $315.30 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The firm’s revenue was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SRAD has been the subject of several recent analyst reports. Needham & Company LLC increased their price objective on shares of Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley increased their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. UBS Group increased their price objective on shares of Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Zacks Research cut shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, JMP Securities increased their price objective on shares of Sportradar Group from $30.00 to $36.00 and gave the company a “market outperform” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sportradar Group 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.