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

Sportradar Group AG (NASDAQ:SRAD) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.40 and last traded at $18.01, with a volume of 272953 shares. The stock had previously closed at $17.34.

Analyst Ratings Changes

SRAD has been the subject of a number of analyst reports. Citigroup increased their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley lifted their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Thursday, November 7th. Finally, Benchmark lifted their target price on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Sportradar Group Stock Performance

The company has a market capitalization of $19.73 billion, a P/E ratio of 88.75, a price-to-earnings-growth ratio of 2.12 and a beta of 2.20. 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 firm has a 50 day moving average price of $16.41 and a two-hundred day moving average price of $13.24.

Institutional Trading of Sportradar Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP increased its stake 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 acquiring an additional 1,754 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group during the 3rd quarter worth about $41,000. Barclays PLC increased its position in shares of Sportradar Group by 3,098.9% during 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. nVerses Capital LLC raised its position in Sportradar Group by 45.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Sportradar Group in the 2nd quarter valued at about $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.