Sportradar Group (NASDAQ:SRAD) Sets New 12-Month High – What’s Next?

Sportradar Group AG (NASDAQ:SRAD)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $21.24 and last traded at $21.20, with a volume of 791584 shares. The stock had previously closed at $20.14.

Analysts Set New Price Targets

Several brokerages have weighed in on SRAD. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. Jefferies Financial Group increased their price target on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $15.00 in a research note on Monday, October 21st. JMP Securities reiterated a “market outperform” rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday. Finally, Morgan Stanley boosted 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 equities research 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 stock currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Sportradar Group Price Performance

The business’s 50-day moving average price is $18.24 and its 200 day moving average price is $14.40. The company has a market capitalization of $23.71 billion, a P/E ratio of 106.66, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP increased its stake in Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Sportradar Group in the third quarter worth approximately $41,000. R Squared Ltd purchased a new stake in Sportradar Group in the fourth quarter valued at approximately $44,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 purchasing an additional 1,272 shares in the last quarter. Finally, Barclays PLC lifted its position in Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after purchasing an additional 5,733 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.