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

Shares of Sportradar Group AG (NASDAQ:SRAD) hit a new 52-week high during trading on Thursday . The stock traded as high as $14.61 and last traded at $14.16, with a volume of 88823 shares changing hands. The stock had previously closed at $12.65.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SRAD shares. Benchmark boosted their target price on shares of Sportradar Group from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th. Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. Finally, JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

Sportradar Group Trading Up 11.6 %

The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average is $12.15 and its 200-day moving average is $11.20. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 157.35, a P/E/G ratio of 15.50 and a beta of 2.05.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP lifted its position in 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 in the last quarter. nVerses Capital LLC boosted its position in shares of Sportradar Group by 120.0% during the second quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after buying an additional 2,400 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Sportradar Group during the first quarter worth $60,000. Point72 Asset Management L.P. purchased a new stake in Sportradar Group in the 2nd quarter valued at $75,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in Sportradar Group in the 3rd quarter valued at $150,000.

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.