Sportradar Group (NASDAQ:SRAD) Hits New 52-Week High – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. JMP Securities lifted their price target on Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Monday, January 6th. Jefferies Financial Group increased 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. Citigroup boosted their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley increased their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Stock Up 0.4 %

The firm has a market capitalization of $22.78 billion, a PE ratio of 102.76, a PEG ratio of 1.42 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. The stock has a 50 day simple moving average of $17.82 and a 200 day simple moving average of $14.02.

Institutional Investors Weigh In On Sportradar Group

A number of large investors have recently added to or reduced their stakes in SRAD. Portolan Capital Management LLC purchased a new stake in Sportradar Group in the third quarter worth $12,061,000. Millennium Management LLC boosted its stake in shares of Sportradar Group by 133.7% during the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock valued at $18,292,000 after purchasing an additional 935,909 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after buying an additional 463,441 shares during the period. Roubaix Capital LLC bought a new position in Sportradar Group in the third quarter worth about $4,131,000. Finally, Concentric Capital Strategies LP purchased a new stake in Sportradar Group in the third quarter worth about $3,805,000.

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.