Sportradar Group (NASDAQ:SRAD) Sets New 52-Week High – Here’s Why

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

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Citigroup upped their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. Benchmark boosted their price objective on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Sportradar Group Price Performance

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 moving average price of $13.61 and a 200 day moving average price of $11.95. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 86.30, a PEG ratio of 2.16 and a beta of 2.05.

Institutional Trading of Sportradar Group

Several institutional investors have recently bought and sold shares of SRAD. Aurora Investment Counsel lifted its position in shares of Sportradar Group by 0.4% during the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after buying an additional 706 shares in the last quarter. Quarry LP lifted its holdings in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after purchasing an additional 1,754 shares in the last quarter. nVerses Capital LLC grew its position in shares of Sportradar Group by 45.5% in the third quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after purchasing an additional 2,000 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group during the third quarter worth about $41,000. Finally, Silvercrest Asset Management Group LLC raised its position in shares of Sportradar Group by 23.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock worth $295,000 after purchasing an additional 4,789 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.