13,425 Shares in Sportradar Group AG $SRAD Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Sportradar Group AG (NASDAQ:SRAD) in the second quarter, HoldingsChannel reports. The institutional investor purchased 13,425 shares of the company’s stock, valued at approximately $377,000.

Other institutional investors also recently modified their holdings of the company. Informed Momentum Co LLC acquired a new stake in Sportradar Group in the 1st quarter valued at about $1,346,000. Natixis Advisors LLC acquired a new position in Sportradar Group during the first quarter worth approximately $411,000. Integrity Alliance LLC. bought a new stake in Sportradar Group in the first quarter valued at approximately $321,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Sportradar Group in the first quarter valued at approximately $20,657,000. Finally, Graham Capital Management L.P. lifted its position in shares of Sportradar Group by 21.2% in the first quarter. Graham Capital Management L.P. now owns 54,004 shares of the company’s stock valued at $1,168,000 after buying an additional 9,457 shares during the last quarter.

Sportradar Group Stock Up 0.5%

SRAD opened at $22.97 on Friday. The stock has a fifty day moving average of $27.69 and a 200-day moving average of $27.03. The company has a market capitalization of $6.88 billion, a P/E ratio of 63.81 and a beta of 2.01. Sportradar Group AG has a fifty-two week low of $14.22 and a fifty-two week 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.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial boosted their target price on Sportradar Group from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. The Goldman Sachs Group initiated coverage on shares of Sportradar Group in a research report on Monday, July 21st. They set a “neutral” rating and a $31.00 price objective for the company. Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. UBS Group raised their target price on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.