12 Best Growth Stocks Under $25 to Buy Now

10. Sportradar Group AG (NASDAQ:SRAD)

Number of Hedge Fund Holders: 24

Share Price as of January 8, 2024: $18.15

Sportradar Group AG (NASDAQ:SRAD) is a sports technology company based in Switzerland. The company analyzes, manages, and collects data for bookmakers, sports federations, and media companies. Some of its prominent clients include the National Basketball Association, the ATP Tour, NASCAR, and UEFA, to name a few. During the third quarter of 2024, the company increased its revenue by 27% to EUR 255 million. During the same period, the company reported a profit worth EUR 37 million. In addition to profitability, Sportradar Group AG (NASDAQ:SRAD) also boasts a remarkable liquidity situation, with its free cash flow strengthening its balance sheet and bolstering business growth.

The company drove most of its revenue from its betting technology and solutions segment, which reached EUR 210 million in revenue and grew by 32% year-over-year. In addition to that, its customer base in the United States proved to be very important for the company, with revenues from the US growing by 46% year-over-year. Customer retention rate also grew tremendously, by nearly 126%, during the quarter, demonstrating SRAD’s strength in retaining and expanding its customer base.

Sportradar Group AG (NASDAQ:SRAD) is not only progressing on the financial front, but it is emerging as a prominent name in the industry because of its strong partnerships with sports organizations and innovative product lineup for the 2024-2025 season. This combined with its solid fundamentals explains why 24 hedge funds were bullish on the stock at the close of Q3 2024.