Sportradar Group (NASDAQ:SRAD) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Sportradar Group (NASDAQ:SRAD) issued its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02), Zacks reports. The business had revenue of $342.71 million for the quarter, compared to the consensus estimate of $295.04 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. Sportradar Group’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. Sportradar Group updated its FY 2025 guidance to EPS.

Sportradar Group Stock Performance

Shares of Sportradar Group stock traded down $0.52 during midday trading on Thursday, hitting $22.86. The company had a trading volume of 2,286,097 shares, compared to its average volume of 1,838,735. The business’s 50 day simple moving average is $27.85 and its two-hundred day simple moving average is $27.03. The stock has a market cap of $6.85 billion, a PE ratio of 63.50 and a beta of 2.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. Sportradar Group has a 1-year low of $13.80 and a 1-year high of $32.22.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SRAD. Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Needham & Company LLC increased their price target on Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley increased their price target on Sportradar Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Weiss Ratings upgraded Sportradar Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Finally, UBS Group increased their price target on Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average target price of $31.88.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC grew its stake in shares of Sportradar Group by 12.1% in the second quarter. Orion Porfolio Solutions LLC now owns 12,107 shares of the company’s stock worth $340,000 after acquiring an additional 1,308 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Sportradar Group during the second quarter worth $6,615,000. Wasatch Advisors LP increased its holdings in Sportradar Group by 12.3% in the 2nd quarter. Wasatch Advisors LP now owns 665,521 shares of the company’s stock valued at $18,688,000 after buying an additional 72,916 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of Sportradar Group in the 2nd quarter valued at $596,000.

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.