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

Sportradar Group AG (NASDAQ:SRAD) shares reached a new 52-week high during trading on Monday . The stock traded as high as $17.95 and last traded at $17.95, with a volume of 154205 shares changing hands. The stock had previously closed at $17.73.

Analysts Set New Price Targets

SRAD has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Benchmark boosted their price objective on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group raised shares of Sportradar Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $16.00 in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Sportradar Group Stock Down 0.5 %

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 firm has a market cap of $19.62 billion, a P/E ratio of 88.25, a price-to-earnings-growth ratio of 2.37 and a beta of 2.05. The firm’s 50 day moving average is $13.40 and its two-hundred day moving average is $11.83.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently made changes to their positions in SRAD. Quarry LP increased its stake in Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after purchasing an additional 1,754 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Sportradar Group during the third quarter worth $41,000. nVerses Capital LLC raised its holdings 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 worth $49,000 after acquiring an additional 2,400 shares during the period. Lazard Asset Management LLC bought a new stake in Sportradar Group in the 1st quarter valued at $60,000. Finally, Barclays PLC boosted its stake in Sportradar Group by 3,098.9% in the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after purchasing an additional 5,733 shares during the period.

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.