Stock Traders Buy Large Volume of Call Options on Sportradar Group (NASDAQ:SRAD)

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

Sportradar Group Stock Up 13.1%

SRAD stock traded up $1.68 during trading on Tuesday, reaching $14.55. 2,822,302 shares of the company traded hands, compared to its average volume of 2,785,261. The business has a 50 day simple moving average of $12.49 and a 200 day simple moving average of $14.94. Sportradar Group has a 12 month low of $11.39 and a 12 month high of $26.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 242.14 and a beta of 1.59.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 EPS 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 firm had revenue of $410.62 million for the quarter, compared to analysts’ expectations of $405.74 million. During the same period in the previous year, the company posted $0.07 earnings per share. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, equities research analysts anticipate that Sportradar Group will post 0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on SRAD shares. UBS Group downgraded shares of Sportradar Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $16.00 in a research note on Wednesday, August 5th. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Friday, August 28th. Morgan Stanley decreased their price target on shares of Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Weiss Ratings lowered Sportradar Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Finally, Truist Financial reduced their price objective on Sportradar Group from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRAD. Choreo LLC raised its holdings in shares of Sportradar Group by 23.5% in the third quarter. Choreo LLC now owns 23,144 shares of the company’s stock worth $268,000 after buying an additional 4,403 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Sportradar Group by 16.2% during the third quarter. Vontobel Holding Ltd. now owns 31,311 shares of the company’s stock worth $362,000 after buying an additional 4,359 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Sportradar Group during the second quarter valued at $560,000. Squarepoint Ops LLC grew its holdings in shares of Sportradar Group by 3.2% during the second quarter. Squarepoint Ops LLC now owns 30,518 shares of the company’s stock valued at $457,000 after buying an additional 958 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Sportradar Group during the second quarter valued at $1,704,000.

About Sportradar Group

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.