Big Money Betting on Sportsradar Group

SRAD offers sports betting and entertainment products and services. The market for these sorts of services has grown considerably on the back of legalized gambling in the U.S. As a result, SRAD has been able to gain market share through long-term contracts for sports content and AI-based personalization efforts.

On the financial front, Sportsradar Group posted a 27% increase in revenue for the third quarter of fiscal 2024. That was alongside a 140% increase in growth of free cash flow, which will help the company invest further. The positive developments were enough for the company to raise full-year guidance and provide for further margin expansion.

It’s no wonder SRAD shares are up 56% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Sportsradar Group Under Accumulation

Institutional volumes reveal plenty. Recently, SRAD has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in SRAD shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of discretionary names are under accumulation right now. But there’s a powerful fundamental story happening with Sportsradar Group.

Sportsradar Group Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, SRAD has had strong sales and earnings growth:

• 3-year sales growth rate (+27.7%)
• 3-year earnings growth rate (+79.4%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +106.7%.

Now it makes sense why the stock has been powering to new heights. SRAD has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Sportsradar Group has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report twice in the last year. The blue bars below show when SRAD was a top pick…making shares jump higher:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Sportsradar Group Price Prediction

The SRAD rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in SRAD at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.