Sportradar Group (NASDAQ:SRAD) Hits New 52-Week High – Should You Buy?

Sportradar Group AG (NASDAQ:SRAD) hit a new 52-week high on Wednesday . The company traded as high as $23.49 and last traded at $22.83, with a volume of 981532 shares traded. The stock had previously closed at $22.99.

Wall Street Analyst Weigh In

Several analysts have commented on SRAD shares. Canaccord Genuity Group increased their target price on Sportradar Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Guggenheim assumed coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price on the stock. Benchmark increased their price target on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, March 20th. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Finally, Citigroup boosted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.67.

Sportradar Group Stock Performance

The business has a 50 day moving average price of $21.16 and a two-hundred day moving average price of $17.15. The stock has a market cap of $25.37 billion, a P/E ratio of 114.16, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. On average, sell-side analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after purchasing an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group in the 4th quarter valued at about $28,000. US Bancorp DE purchased a new position in Sportradar Group in the fourth quarter worth about $39,000. Point72 Hong Kong Ltd bought a new stake in Sportradar Group during the third quarter worth approximately $41,000. Finally, Loomis Sayles & Co. L P bought a new stake in Sportradar Group during the fourth quarter worth approximately $43,000.

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.