Sportradar Group (NASDAQ:SRAD) Stock Sees Heavy Call Option Buying

Sportradar Group AG (NASDAQ:SRAD) saw some unusual options trading activity on Tuesday. Stock traders bought 43,617 call options on the company. This is an increase of approximately 2,410% compared to the typical daily volume of 1,738 call options.

Key Headlines Impacting Sportradar Group

Here are the key news stories impacting Sportradar Group this week:

• Positive Sentiment: Q3 revenue rose 24% year over year to €363 million, while profit increased 20% to €27 million. Adjusted EBITDA climbed 21% to €102 million, and operating cash flow rose 37% to €157 million. Revenue topped estimates; reported EPS of $0.10 beat Zacks’ $0.09 estimate. Sportradar Q3 results
• Positive Sentiment: The company repurchased $157 million of shares during the quarter and agreed to sell Atrium Sports for $170 million. It also announced new and expanded partnerships with prediction-market exchanges, brokers, and market makers, providing potential strategic and growth catalysts. Q3 growth and Atrium Sports divestiture
• Positive Sentiment: Investors bought 43,617 call options on Tuesday, far above the average of 1,738, signaling unusually strong bullish options activity. However, options volume alone does not establish a sustained change in fundamentals.
• Negative Sentiment: EPS of $0.10 was one cent below the $0.11 consensus estimate cited in another report, despite beating Zacks’ lower estimate. A separate analysis also argued that SRAD looks expensive relative to its sales base. Valuation analysis

Hedge Funds Weigh In On Sportradar Group

Large investors have recently bought and sold shares of the stock. Spruce House Investment Management LLC bought a new stake in Sportradar Group in the 1st quarter valued at $46,035,000. The Manufacturers Life Insurance Company increased its holdings in shares of Sportradar Group by 963.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after purchasing an additional 2,231,810 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Sportradar Group during the 2nd quarter worth about $32,811,000. Principal Financial Group Inc. increased its holdings in shares of Sportradar Group by 34.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock worth $30,571,000 after purchasing an additional 471,309 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Sportradar Group by 38.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 1,582,182 shares of the company’s stock worth $26,486,000 after purchasing an additional 441,765 shares during the period.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD opened at $14.20 on Wednesday. Sportradar Group has a 12 month low of $11.39 and a 12 month high of $26.08. The company has a market cap of $4.25 billion, a P/E ratio of 214.50 and a beta of 1.66. The business’s 50 day moving average is $12.51 and its two-hundred day moving average is $14.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The business had revenue of $410.62 million during the quarter, compared to the consensus estimate of $405.74 million. During the same period in the prior year, the company posted $0.07 earnings per share. The firm’s revenue was up 24.1% compared to the same quarter last year. On average, equities analysts expect that Sportradar Group will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SRAD shares. Freedom Capital raised shares of Sportradar Group to a “strong-buy” rating in a report on Monday, July 20th. BTIG Research downgraded shares of Sportradar Group from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Citizens Jmp dropped their target price on shares of Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 4th. Wells Fargo & Company set a $20.00 target price on shares of Sportradar Group in a research report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Sportradar Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.03.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology and data company that provides business-to-business solutions to sports federations, leagues, media organizations, sportsbooks and other clients worldwide. The company collects, processes and distributes sports data, helping customers deliver live scores, statistics, schedules, news and other sports content across digital platforms.

Its products and services include real-time data feeds, betting odds and managed betting services, audiovisual content, marketing solutions, fan-engagement tools and sports integrity services.