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

Sportradar Group AG (NASDAQ:SRAD)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.75 and last traded at $18.15, with a volume of 1252046 shares. The stock had previously closed at $18.11.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SRAD shares. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Citigroup increased their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. JMP Securities lifted their price target 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. Benchmark upped their price target 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 reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.38.

Sportradar Group Stock Up 0.2 %

The business’s 50 day moving average is $16.63 and its 200 day moving average is $13.38. 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 stock has a market cap of $20.17 billion, a price-to-earnings ratio of 90.75, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Portolan Capital Management LLC acquired a new stake in Sportradar Group during the 3rd quarter worth about $12,061,000. Millennium Management LLC lifted its position in shares of Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after purchasing an additional 935,909 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Sportradar Group during the second quarter worth approximately $8,392,000. Janus Henderson Group PLC grew its position in Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after purchasing an additional 463,441 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new position in Sportradar Group in the 3rd quarter valued at approximately $4,131,000.

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.