Jim Cramer on Sportradar: “I Think That the Fundamentals Are Good Here”

Sportradar Group AG (NASDAQ:SRAD) is one of the stocks Jim Cramer recently offered insights on. A caller asked if Cramer thinks that the rise in prediction markets is a threat to the fundamentals of the company or if it is a good thing. He replied:

“No, no, I don’t. I think that the fundamentals are good here. I do think that there’s a general belief that I get now when I go out talking about my book, that people feel that there’s too much gambling, and that does have me worried because that’s an existential threat. I don’t think they can do much to it, but I’m hearing that chatter way too often.”

Sportradar Group AG (NASDAQ:SRAD) provides sports data, technology, and content solutions for the betting and media industries. The company offers real-time data, odds services, streaming, integrity solutions, and performance analytics for sports organizations and broadcasters. Cramer mentioned the stock during the August 12 episode and said:

“I’ve been a big fan of the online sports betting platforms like DraftKings, Flutter, but lately the biggest winner in the space has been Sportradar, which is like an arms dealer to the sports book operators. Sportradar provides them with the data they need to make the odds. I recommended this one, you know, back in October, I said buy it at 12, and now it’s at 29. But when Sportradar reported last week, even though the quarter looked good, the stock shed 5.7% Since then, it’s recovered from its lows. So maybe the stock was simply due for a pullback after some huge gains.”

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Disclosure: None. This article is originally published at Insider Monkey.