Thurston Springer Miller Herd & Titak Inc. lessened its holdings in shares of Sportradar Group AG (NASDAQ:SRAD – Free Report) by 18.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,237 shares of the company’s stock after selling 495 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Sportradar Group were worth $63,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC grew its stake in Sportradar Group by 34.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,461,619 shares of the company’s stock valued at $31,574,000 after acquiring an additional 378,163 shares in the last quarter. Integrity Alliance LLC. bought a new stake in Sportradar Group during the first quarter worth approximately $321,000. Goldman Sachs Group Inc. boosted its position in Sportradar Group by 175.4% during the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after purchasing an additional 388,769 shares during the period. Nixon Capital LLC boosted its position in Sportradar Group by 8.2% during the first quarter. Nixon Capital LLC now owns 519,059 shares of the company’s stock worth $11,222,000 after purchasing an additional 39,321 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sportradar Group during the first quarter worth approximately $573,000.
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Analyst Ratings Changes
A number of brokerages have recently commented on SRAD. Morgan Stanley upped their price target on Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Arete initiated coverage on Sportradar Group in a research note on Wednesday, July 9th. They issued a “neutral” rating and a $31.00 target price for the company. Macquarie initiated coverage on Sportradar Group in a research note on Friday, June 20th. They issued an “outperform” rating and a $32.00 target price for the company. Jefferies Financial Group upped their target price on Sportradar Group from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Finally, Zacks Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.41.
Check Out Our Latest Stock Analysis on Sportradar Group
Sportradar Group Price Performance
Sportradar Group stock opened at $28.93 on Thursday. The business’s 50-day simple moving average is $29.91 and its 200 day simple moving average is $25.72. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 80.36 and a beta of 2.07. Sportradar Group AG has a 12-month low of $11.72 and a 12-month high of $32.22. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04.
Sportradar Group (NASDAQ:SRAD – Get Free Report) last released its earnings results 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. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. The company’s revenue 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 earnings per share for the current year.
Sportradar Group Profile
(Free Report)
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.
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