Traders Buy Large Volume of Call Options on Sportradar Group (NASDAQ:SRAD)

Sportradar Group AG (NASDAQ:SRAD) was the target of some unusual options trading on Tuesday. Traders acquired 43,617 call options on the stock. This represents an increase of approximately 2,410% compared to the average volume of 1,738 call options.

Analyst Ratings Changes

Several brokerages have recently issued reports on SRAD. Benchmark restated a “buy” rating on shares of Sportradar Group in a research note on Friday, August 28th. Morgan Stanley dropped their target price on Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Canaccord Genuity Group cut their price target on shares of Sportradar Group from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. BTIG Research lowered shares of Sportradar Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Finally, Truist Financial decreased their price objective on shares of Sportradar Group from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.03.

Institutional Investors Weigh In On Sportradar Group

Hedge funds have recently bought and sold shares of the stock. Spruce House Investment Management LLC acquired a new stake in shares of Sportradar Group during the 1st quarter worth approximately $46,035,000. The Manufacturers Life Insurance Company lifted its stake in shares of Sportradar Group by 963.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after purchasing an additional 2,231,810 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Sportradar Group in the 2nd quarter valued at $32,811,000. Sellaronda Global Management LP acquired a new position in shares of Sportradar Group in the 1st quarter valued at $12,136,000. Finally, Principal Financial Group Inc. boosted its holdings in Sportradar Group by 34.8% during the first quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock worth $30,571,000 after buying an additional 471,309 shares in the last quarter.

Sportradar Group Stock Performance

SRAD traded up $1.68 during midday trading on Tuesday, hitting $14.55. 2,822,302 shares of the company were exchanged, compared to its average volume of 2,785,261. The company’s 50 day simple moving average is $12.49 and its 200 day simple moving average is $14.94. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 242.14 and a beta of 1.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. Sportradar Group has a 1-year low of $11.39 and a 1-year high of $26.08.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $410.62 million during the quarter, compared to analysts’ expectations of $405.74 million. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. As a group, sell-side analysts predict that Sportradar Group will post 0.21 earnings per share for the current year.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.