Sportradar Group (NASDAQ:SRAD) Reaches New 52-Week High – Time to Buy?

Sportradar Group AG (NASDAQ:SRAD) shares reached a new 52-week high on Tuesday . The stock traded as high as $19.75 and last traded at $19.66, with a volume of 166069 shares changing hands. The stock had previously closed at $18.71.

Analysts Set New Price Targets

Several research firms have weighed in on SRAD. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. JMP Securities boosted their target price on shares of Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Finally, Benchmark boosted their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Sportradar Group Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market capitalization of $22.23 billion, a PE ratio of 100.01, a PEG ratio of 1.47 and a beta of 2.18. The company’s 50 day simple moving average is $17.42 and its 200-day simple moving average is $13.70.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Sportradar Group by 85.4% during the 4th 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 during the last quarter. Moody National Bank Trust Division boosted its position in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after buying an additional 61,105 shares during the period. Harbor Capital Advisors Inc. boosted its position in Sportradar Group by 4.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 224,668 shares of the company’s stock valued at $3,896,000 after buying an additional 8,551 shares during the period. JPMorgan Chase & Co. boosted its position in Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after buying an additional 28,878 shares during the period. Finally, Barclays PLC boosted its position in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after buying 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.