Wilson Asset Management International PTY Ltd. Sells 23,652 Shares of Sportradar Group AG $SRAD

Wilson Asset Management International PTY Ltd. trimmed its position in Sportradar Group AG (NASDAQ:SRAD) by 5.4% in the second quarter, Holdings Channel reports. The fund owned 412,399 shares of the company’s stock after selling 23,652 shares during the quarter. Sportradar Group accounts for 2.8% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 16th largest holding. Wilson Asset Management International PTY Ltd.’s holdings in Sportradar Group were worth $11,580,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SRAD. SG Americas Securities LLC bought a new position in shares of Sportradar Group in the 1st quarter valued at $1,840,000. Fifth Third Bancorp bought a new position in shares of Sportradar Group in the 1st quarter valued at $360,000. Lisanti Capital Growth LLC bought a new position in shares of Sportradar Group in the 1st quarter valued at $4,986,000. Wealthstar Advisors LLC bought a new position in shares of Sportradar Group in the 1st quarter valued at $942,000. Finally, Moody Aldrich Partners LLC lifted its stake in shares of Sportradar Group by 78.2% in the 1st quarter. Moody Aldrich Partners LLC now owns 254,966 shares of the company’s stock valued at $5,512,000 after acquiring an additional 111,902 shares during the last quarter.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $25.19 on Tuesday. Sportradar Group AG has a fifty-two week low of $12.20 and a fifty-two week high of $32.22. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 69.97 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. The firm’s 50-day simple moving average is $29.28 and its 200 day simple moving average is $26.56.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The firm had revenue of $374.25 million for the quarter, compared to analysts’ expectations of $315.30 million. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SRAD. Zacks Research downgraded Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Arete began coverage on Sportradar Group in a report on Wednesday, July 9th. They set a “neutral” rating and a $31.00 price target for the company. Arete Research upgraded Sportradar Group to a “hold” rating in a report on Wednesday, July 9th. The Goldman Sachs Group began coverage on Sportradar Group in a report on Monday, July 21st. They set a “neutral” rating and a $31.00 price target for the company. Finally, Morgan Stanley increased their price target on Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.88.

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.