Deutsche Bank AG Decreases Holdings in Sportradar Group AG $SRAD

Deutsche Bank AG reduced its position in Sportradar Group AG (NASDAQ:SRAD) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,515 shares of the company’s stock after selling 1,833 shares during the quarter. Deutsche Bank AG’s holdings in Sportradar Group were worth $2,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SRAD. Pacer Advisors Inc. grew its stake in Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock worth $38,000 after acquiring an additional 537 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Sportradar Group by 34.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock worth $46,000 after acquiring an additional 551 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in Sportradar Group by 1.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock worth $755,000 after acquiring an additional 691 shares in the last quarter. LPL Financial LLC grew its stake in Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock worth $618,000 after acquiring an additional 1,287 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock worth $444,000 after acquiring an additional 1,414 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on SRAD shares. Bank of America upgraded shares of Sportradar Group from an “underperform” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, April 22nd. Arete Research upgraded shares of Sportradar Group to a “hold” rating in a research note on Wednesday, July 9th. Needham & Company LLC increased their price objective on shares of Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. JMP Securities increased their price objective on shares of Sportradar Group from $25.00 to $30.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 15th. Finally, Arete assumed coverage on shares of Sportradar Group in a research note on Wednesday, July 9th. They set a “neutral” rating and a $31.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Sportradar Group Price Performance

Shares of SRAD opened at $30.35 on Wednesday. The company has a market cap of $33.77 billion, a price-to-earnings ratio of 84.31 and a beta of 2.07. Sportradar Group AG has a twelve month low of $11.20 and a twelve month high of $31.82. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $28.19 and a two-hundred day moving average of $24.41.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The business had revenue of $374.25 million during the quarter, compared to analysts’ expectations of $315.30 million. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Sportradar Group Company 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.