Sportradar Group (NASDAQ:SRAD) Sets New 1-Year High – Here’s What Happened

Sportradar Group AG (NASDAQ:SRAD)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $23.49 and last traded at $22.83, with a volume of 981532 shares. The stock had previously closed at $22.99.

Wall Street Analyst Weigh In

Several research firms have weighed in on SRAD. JPMorgan Chase & Co. raised their price target on Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Guggenheim began coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price on the stock. Needham & Company LLC boosted their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Benchmark raised their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group upped their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Sportradar Group Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $25.01 billion, a PE ratio of 112.51, a PEG ratio of 1.53 and a beta of 2.19. The business’s 50-day moving average is $21.26 and its 200 day moving average is $17.22.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. On average, equities research analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Trading of Sportradar Group

A number of institutional investors have recently made changes to their positions in the stock. Greenhouse Funds LLLP increased its stake in shares of Sportradar Group by 2.0% in the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company’s stock worth $170,868,000 after buying an additional 193,962 shares during the period. Janus Henderson Group PLC grew its holdings in Sportradar Group by 14.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after acquiring an additional 463,441 shares during the last quarter. Unisphere Establishment purchased a new position in shares of Sportradar Group in the fourth quarter valued at about $51,596,000. Granahan Investment Management LLC raised its stake in shares of Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company’s stock valued at $34,836,000 after acquiring an additional 930,310 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after purchasing an additional 454,826 shares during the period.

About Sportradar Group

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.