Penserra Capital Management LLC Takes Position in Sportradar Group AG $SRAD

Penserra Capital Management LLC purchased a new position in Sportradar Group AG (NASDAQ:SRAD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,084 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. bought a new stake in Sportradar Group in the second quarter worth about $228,000. Huntington National Bank increased its stake in shares of Sportradar Group by 33.1% during the 2nd quarter. Huntington National Bank now owns 3,946 shares of the company’s stock worth $111,000 after purchasing an additional 982 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Sportradar Group during the 2nd quarter worth approximately $1,404,000. Moody Aldrich Partners LLC raised its holdings in shares of Sportradar Group by 27.1% in the 2nd quarter. Moody Aldrich Partners LLC now owns 324,168 shares of the company’s stock worth $9,103,000 after purchasing an additional 69,202 shares during the period. Finally, Strs Ohio purchased a new position in Sportradar Group in the second quarter valued at approximately $6,967,000.

Analyst Ratings Changes

A number of analysts have issued reports on SRAD shares. UBS Group raised their target price on Sportradar Group from $29.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Morgan Stanley increased their price target on Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Truist Financial lifted their target price on shares of Sportradar Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Roth Capital initiated coverage on shares of Sportradar Group in a research report on Friday, September 12th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average target price of $31.88.

Sportradar Group Stock Performance

Sportradar Group stock opened at $22.99 on Thursday. Sportradar Group AG has a 1-year low of $16.27 and a 1-year high of $32.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.88 billion, a PE ratio of 63.86 and a beta of 2.01. The firm’s 50 day simple moving average is $27.22 and its 200 day simple moving average is $27.05.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $342.71 million during 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%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. Sportradar Group has set its FY 2025 guidance at EPS. As a group, analysts expect 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.