Sportradar Group (NASDAQ:SRAD) Sets New 1-Year High – Time to Buy?

Sportradar Group AG (NASDAQ:SRAD)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.56 and last traded at $21.51, with a volume of 251268 shares traded. The stock had previously closed at $21.29.

Wall Street Analyst Weigh In

SRAD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Jefferies Financial Group boosted their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. JMP Securities reissued a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Finally, Citigroup increased their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Price Performance

The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 107.20, a PEG ratio of 1.46 and a beta of 2.20. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $18.45 and a 200 day moving average price of $14.65.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE acquired a new stake in Sportradar Group during the 4th quarter worth $39,000. R Squared Ltd bought a new position in shares of Sportradar Group in the 4th quarter worth $44,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Sportradar Group in the 3rd quarter worth $41,000. Finally, Barclays PLC boosted its position in shares of Sportradar Group by 3,098.9% in the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after purchasing an additional 5,733 shares during the last quarter.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.