SG Americas Securities LLC Sells 73,486 Shares of Sportradar Group AG $SRAD

SG Americas Securities LLC decreased its stake in Sportradar Group AG (NASDAQ:SRAD) by 86.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the company’s stock after selling 73,486 shares during the period. SG Americas Securities LLC’s holdings in Sportradar Group were worth $326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Sportradar Group by 15.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 572,557 shares of the company’s stock worth $16,077,000 after acquiring an additional 77,413 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Sportradar Group during the second quarter valued at about $123,087,000. Calamos Advisors LLC bought a new stake in Sportradar Group during the second quarter worth about $1,246,000. Geode Capital Management LLC lifted its stake in Sportradar Group by 5.3% during the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after purchasing an additional 9,162 shares during the last quarter. Finally, M&G PLC purchased a new position in shares of Sportradar Group in the 2nd quarter worth about $12,027,000.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $21.99 on Friday. The company has a market capitalization of $6.59 billion, a P/E ratio of 61.08 and a beta of 2.01. Sportradar Group AG has a fifty-two week low of $16.27 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. The stock has a 50 day moving average price of $25.17 and a two-hundred day moving average price of $26.91.

Sportradar Group (NASDAQ:SRAD) last issued its 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 return on equity of 11.74% and a net margin of 9.35%.The firm had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. Analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SRAD. JPMorgan Chase & Co. raised their price objective on Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Roth Capital assumed coverage on shares of Sportradar Group in a research report on Friday, September 12th. They set a “buy” rating and a $40.00 price target on the stock. Zacks Research lowered shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Morgan Stanley upped their price objective 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. Finally, Wells Fargo & Company began coverage on shares of Sportradar Group in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.78.

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.