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

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

Sportradar Group Price Performance

Shares of Sportradar Group stock traded down $0.52 during trading on Thursday, reaching $22.86. The company’s stock had a trading volume of 2,286,097 shares, compared to its average volume of 1,838,735. The stock has a 50-day moving average price of $27.85 and a two-hundred day moving average price of $27.03. 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 stock has a market capitalization of $6.85 billion, a P/E ratio of 63.50 and a beta of 2.01. Sportradar Group has a one year low of $13.80 and a one year high of $32.22.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in 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 purchasing an additional 1,620 shares during the period. Legal & General Group Plc bought a new stake in shares of Sportradar Group in the 2nd quarter valued at about $260,000. Raymond James Financial Inc. bought a new stake in shares of Sportradar Group in the 2nd quarter valued at about $274,000. Sandia Investment Management LP bought a new stake in shares of Sportradar Group in the 2nd quarter valued at about $281,000. Finally, Cetera Investment Advisers bought a new stake in shares of Sportradar Group in the 2nd quarter valued at about $316,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JMP Securities increased their price objective on shares of Sportradar Group from $30.00 to $36.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group initiated coverage on shares of Sportradar Group in a research note on Monday, July 21st. They issued a “neutral” rating and a $31.00 price objective for the company. UBS Group lifted their price objective on Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Roth Capital initiated coverage on Sportradar Group in a report on Friday, September 12th. They set a “buy” rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.88.

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.