Sportradar Group (NASDAQ:SRAD) Hits New 1-Year High – Should You Buy?

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

Analyst Upgrades and Downgrades

Several research analysts have commented on SRAD shares. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday. Jefferies Financial Group lifted 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. Morgan Stanley increased their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Thursday, November 7th. Finally, Benchmark increased their price target on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Sportradar Group Stock Up 5.3 %

The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market cap of $23.56 billion, a P/E ratio of 106.01, a P/E/G ratio of 1.42 and a beta of 2.18. The company’s 50 day moving average price is $18.10 and its two-hundred day moving average price is $14.31.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in shares of Sportradar Group during the second quarter valued at $189,000. Marshall Wace LLP grew its holdings in Sportradar Group by 152.8% during the 2nd quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock worth $4,380,000 after acquiring an additional 236,831 shares in the last quarter. Millennium Management LLC increased its position in Sportradar Group by 133.7% during the 2nd 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 during the period. Quarry LP raised its holdings in shares of Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Sportradar Group in the 2nd quarter worth approximately $75,000.

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.