Sportradar Group (NASDAQ:SRAD) Hits New 12-Month High – Here’s What Happened

Shares of Sportradar Group AG (NASDAQ:SRAD) reached a new 52-week high during trading on Wednesday . The stock traded as high as $21.24 and last traded at $21.20, with a volume of 791584 shares. The stock had previously closed at $20.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SRAD shares. Morgan Stanley boosted their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Benchmark raised their price objective on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JMP Securities reissued a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a research note on Monday. Finally, Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Sportradar Group has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Sportradar Group Stock Up 2.5 %

The company has a market capitalization of $23.71 billion, a P/E ratio of 106.66, a PEG ratio of 1.42 and a beta of 2.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company has a 50 day moving average of $18.24 and a 200-day moving average of $14.40.

Institutional Investors Weigh In On Sportradar Group

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Sportradar Group by 120.8% in the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after acquiring an additional 28,878 shares during the period. Jane Street Group LLC purchased a new stake in Sportradar Group in the third quarter worth about $479,000. GSA Capital Partners LLP boosted its position in Sportradar Group by 142.7% during the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after acquiring an additional 40,621 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after acquiring an additional 61,105 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after purchasing an additional 935,909 shares in 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.