Invesco Ltd. Increases Holdings in Sportradar Group AG $SRAD

Invesco Ltd. increased its stake in Sportradar Group AG (NASDAQ:SRAD) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 466,923 shares of the company’s stock after purchasing an additional 38,676 shares during the quarter. Invesco Ltd.’s holdings in Sportradar Group were worth $10,095,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SRAD. Unisphere Establishment purchased a new position in shares of Sportradar Group in the fourth quarter valued at $51,596,000. Granahan Investment Management LLC grew its position in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Sportradar Group in the fourth quarter valued at $6,801,000. D. E. Shaw & Co. Inc. raised its position in shares of Sportradar Group by 93.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 769,388 shares of the company’s stock worth $13,341,000 after buying an additional 372,269 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Sportradar Group by 134.9% in the fourth quarter. Two Sigma Investments LP now owns 534,270 shares of the company’s stock worth $9,264,000 after buying an additional 306,788 shares in the last quarter.

Wall Street Analyst Weigh In

SRAD has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price objective on Sportradar Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Truist Financial increased their price objective on Sportradar Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Macquarie initiated coverage on Sportradar Group in a research report on Friday, June 20th. They issued an “outperform” rating and a $32.00 price objective on the stock. Morgan Stanley increased their price objective on Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, UBS Group increased their price objective on Sportradar Group from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Sportradar Group Stock Up 1.5%

Shares of NASDAQ:SRAD opened at $31.63 on Monday. Sportradar Group AG has a 52-week low of $11.35 and a 52-week high of $31.91. The firm has a fifty day moving average of $28.57 and a 200 day moving average of $24.64. The firm has a market capitalization of $35.20 billion, a PE ratio of 87.86 and a beta of 2.07. 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 announced its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal 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.