Sportradar Group (NASDAQ:SRAD) Sets New 52-Week High – Still a Buy?

Sportradar Group AG (NASDAQ:SRAD)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.56 and last traded at $21.51, with a volume of 251268 shares. The stock had previously closed at $21.29.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SRAD shares. Citigroup boosted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Jefferies Financial Group boosted their price objective on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Benchmark raised their target price on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley upped their price target 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Stock Up 1.2 %

The firm’s fifty day moving average is $18.63 and its two-hundred day moving average is $14.74. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 108.36, a P/E/G ratio of 1.46 and a beta of 2.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Institutional Trading of Sportradar Group

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the fourth quarter worth approximately $28,000. US Bancorp DE bought a new position in Sportradar Group during the fourth quarter valued at about $39,000. Point72 Hong Kong Ltd acquired a new position in Sportradar Group during the third quarter worth about $41,000. R Squared Ltd bought a new stake in Sportradar Group in the fourth quarter worth about $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after acquiring an additional 1,272 shares during 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.