Sportradar Group (NASDAQ:SRAD) Releases Earnings Results, Misses Expectations By $0.02 EPS

Sportradar Group (NASDAQ:SRAD) posted its earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02), Zacks reports. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The business had revenue of $342.71 million for the quarter, compared to analyst estimates of $295.04 million. During the same period last year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Sportradar Group updated its FY 2025 guidance to EPS.

Sportradar Group Stock Performance

NASDAQ:SRAD traded up $0.11 during mid-day trading on Friday, hitting $22.97. The stock had a trading volume of 2,532,125 shares, compared to its average volume of 1,839,445. Sportradar Group has a 52 week low of $14.22 and a 52 week high of $32.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 63.81 and a beta of 2.01. The company has a 50 day simple moving average of $27.85 and a 200-day simple moving average of $27.03.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sportradar Group in the 1st quarter valued at about $573,000. Goldman Sachs Group Inc. raised its position in Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after acquiring an additional 388,769 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sportradar Group by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after acquiring an additional 9,162 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Sportradar Group during the 2nd quarter valued at about $316,000. Finally, Legal & General Group Plc acquired a new position in shares of Sportradar Group in the 2nd quarter worth approximately $260,000.

Analysts Set New Price Targets

Several analysts have issued reports on SRAD shares. The Goldman Sachs Group started coverage on shares of Sportradar Group in a research report on Monday, July 21st. They issued a “neutral” rating and a $31.00 price objective for the company. Roth Capital started coverage on Sportradar Group in a research note on Friday, September 12th. They issued a “buy” rating and a $40.00 price target for the company. Morgan Stanley boosted their price target on Sportradar Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Zacks Research downgraded shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, JMP Securities lifted their price target 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 assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.