M&G PLC Makes New Investment in Sportradar Group AG $SRAD

M&G PLC acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 429,540 shares of the company’s stock, valued at approximately $12,027,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in shares of Sportradar Group in the 2nd quarter valued at about $255,000. Wedbush Securities Inc. purchased a new stake in Sportradar Group in the second quarter valued at approximately $228,000. Huntington National Bank boosted its holdings in shares of Sportradar Group by 33.1% in the second quarter. Huntington National Bank now owns 3,946 shares of the company’s stock valued at $111,000 after acquiring an additional 982 shares during the period. K.J. Harrison & Partners Inc purchased a new position in shares of Sportradar Group during the second quarter worth approximately $1,404,000. Finally, Moody Aldrich Partners LLC grew its position in shares of Sportradar Group by 27.1% during the second quarter. Moody Aldrich Partners LLC now owns 324,168 shares of the company’s stock worth $9,103,000 after acquiring an additional 69,202 shares during the last quarter.

Sportradar Group Stock Performance

Sportradar Group stock opened at $22.99 on Thursday. The stock has a fifty day moving average price of $27.22 and a 200 day moving average price of $27.05. Sportradar Group AG has a 52 week low of $16.27 and a 52 week high of $32.22. The firm has a market capitalization of $6.88 billion, a P/E ratio of 63.86 and a beta of 2.01. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. During the same period in the prior year, the business posted $0.11 earnings per share. Sportradar Group’s revenue was up 14.5% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SRAD shares. JPMorgan Chase & Co. boosted their price target on Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. The Goldman Sachs Group initiated coverage on Sportradar Group in a report on Monday, July 21st. They issued a “neutral” rating and a $31.00 target price on the stock. Needham & Company LLC upped their price target on Sportradar Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings downgraded Sportradar Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Finally, UBS Group boosted their price objective on shares of Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.