Vinva Investment Management Ltd Purchases New Holdings in Sportradar Group AG $SRAD

Vinva Investment Management Ltd acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,065 shares of the company’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC raised its stake in Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after buying an additional 962 shares during the period. Pacer Advisors Inc. raised its position in shares of Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock valued at $38,000 after purchasing an additional 537 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after buying an additional 1,529 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Sportradar Group in the 1st quarter valued at about $52,000. Finally, Battery Global Advisors LLC raised its holdings in Sportradar Group by 2,800.0% in the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company’s stock valued at $60,000 after acquiring an additional 2,660 shares during the period.

Wall Street Analyst Weigh In

SRAD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research report on Tuesday. Wells Fargo & Company started coverage on shares of Sportradar Group in a report on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 price objective for the company. UBS Group lifted their price target on shares of Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Needham & Company LLC raised their price objective on Sportradar Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.78.

Sportradar Group Trading Up 1.3%

NASDAQ:SRAD opened at $21.99 on Friday. The firm has a market cap of $6.59 billion, a P/E ratio of 61.08 and a beta of 2.01. Sportradar Group AG has a 52 week low of $16.27 and a 52 week high of $32.22. The firm’s fifty day moving average is $25.17 and its 200-day moving average is $26.94. 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 posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. Sportradar Group has set its FY 2025 guidance at EPS. Equities analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

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.