Sportradar Group (NASDAQ:SRAD) Reaches New 12-Month High – Should You Buy?

Sportradar Group AG (NASDAQ:SRAD) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $21.00 and last traded at $20.45, with a volume of 2156 shares. The stock had previously closed at $20.42.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Benchmark increased their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup boosted their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JMP Securities raised their target price on Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Jefferies Financial Group upped their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $15.00 in a research report on Monday, October 21st. 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Sportradar Group Stock Performance

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 stock’s 50 day simple moving average is $17.96 and its two-hundred day simple moving average is $14.13. The company has a market capitalization of $23.06 billion, a P/E ratio of 103.76, a P/E/G ratio of 1.42 and a beta of 2.18.

Institutional Trading of Sportradar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP grew its position in shares of Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Sportradar Group during the 3rd quarter worth $41,000. R Squared Ltd bought a new stake in Sportradar Group in the fourth quarter valued at approximately $44,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after buying an additional 1,272 shares during the period. Finally, Barclays PLC boosted 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 valued at $72,000 after purchasing an additional 5,733 shares in the last quarter.

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.