Sportradar Group (NASDAQ:SRAD) Sets New 1-Year High – Still a Buy?

Shares of Sportradar Group AG (NASDAQ:SRAD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $19.75 and last traded at $19.66, with a volume of 166069 shares trading hands. The stock had previously closed at $18.71.

Wall Street Analyst Weigh In

SRAD has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. Citigroup boosted their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, JMP Securities upped their price objective on Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.38.

Sportradar Group Stock Up 4.3 %

The business has a 50-day moving average price of $17.13 and a 200-day moving average price of $13.60. The stock has a market cap of $21.70 billion, a PE ratio of 97.60, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Trading of Sportradar Group

Several institutional investors have recently modified their holdings of the stock. Quarry LP lifted its stake 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 buying an additional 1,754 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group during the third quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Sportradar Group by 85.4% in the fourth 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 in the last quarter. Barclays PLC boosted its stake in shares of Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after acquiring an additional 5,733 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Sportradar Group during the second quarter worth approximately $75,000.

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.