Strs Ohio Makes New Investment in Sportradar Group AG $SRAD

Strs Ohio acquired a new position in Sportradar Group AG (NASDAQ:SRAD) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 248,100 shares of the company’s stock, valued at approximately $6,967,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Informed Momentum Co LLC acquired a new position in Sportradar Group in the 1st quarter worth $1,346,000. Natixis Advisors LLC acquired a new position in Sportradar Group in the 1st quarter worth $411,000. Integrity Alliance LLC. acquired a new position in Sportradar Group in the 1st quarter worth $321,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Sportradar Group in the 1st quarter valued at about $20,657,000. Finally, Graham Capital Management L.P. raised its stake in shares of Sportradar Group by 21.2% in the 1st 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 in the last quarter.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $25.61 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a fifty-two week low of $12.26 and a fifty-two week high of $32.22. The firm has a 50-day simple moving average of $28.41 and a 200 day simple moving average of $27.06. The company has a market cap of $7.67 billion, a PE ratio of 71.14 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data 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. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The business had revenue of $374.25 million during the quarter, compared to the consensus estimate of $315.30 million. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SRAD shares. Arete started coverage on shares of Sportradar Group in a research note on Wednesday, July 9th. They issued a “neutral” rating and a $31.00 target price on the stock. Needham & Company LLC upped their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Morgan Stanley upped their target price on shares of Sportradar Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upped their target price on shares of Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday. One equities 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 data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus 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.