Sportradar Group AG $SRAD Position Reduced by Cresset Asset Management LLC

Cresset Asset Management LLC cut its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 34.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,352 shares of the company’s stock after selling 9,715 shares during the quarter. Cresset Asset Management LLC’s holdings in Sportradar Group were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SRAD. JPMorgan Chase & Co. lifted its stake in Sportradar Group by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 76,890 shares of the company’s stock valued at $1,333,000 after buying an additional 24,106 shares in the last quarter. Geode Capital Management LLC lifted its stake in Sportradar Group by 11.3% during the fourth quarter. Geode Capital Management LLC now owns 138,661 shares of the company’s stock valued at $2,404,000 after buying an additional 14,037 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Sportradar Group during the fourth quarter valued at about $518,000. Barclays PLC lifted its stake in Sportradar Group by 60.9% during the fourth quarter. Barclays PLC now owns 9,523 shares of the company’s stock valued at $165,000 after buying an additional 3,605 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Sportradar Group during the fourth quarter valued at about $300,000.

Analyst Ratings Changes

SRAD has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of Sportradar Group in a research note on Monday, July 21st. They set a “neutral” rating and a $31.00 price objective for the company. UBS Group increased their price target on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. JMP Securities increased their price target on shares of Sportradar Group from $25.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 15th. Arete assumed coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They issued a “neutral” rating and a $31.00 price target for the company. Finally, Jefferies Financial Group increased their price target on shares of Sportradar Group from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Sportradar Group Price Performance

Shares of SRAD opened at $31.63 on Monday. The firm has a market cap of $35.20 billion, a PE ratio of 87.86 and a beta of 2.07. The firm’s 50 day moving average price is $28.57 and its 200 day moving average price is $24.64. 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 AG has a twelve month low of $11.35 and a twelve month high of $31.91.

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