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

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $18.40 and last traded at $18.01, with a volume of 272953 shares trading hands. The stock had previously closed at $17.34.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SRAD shares. Benchmark lifted 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. Morgan Stanley boosted their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $12.00 to $15.00 in a report on Monday, October 21st. Citigroup upped their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, JMP Securities raised shares of Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price target on the stock in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Sportradar Group Trading Up 0.6 %

The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 87.20, a PEG ratio of 2.12 and a beta of 2.20. The company's 50-day moving average is $16.30 and its 200-day moving average is $13.19.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC increased its position in shares of Sportradar Group by 120.0% during the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company's stock worth $49,000 after purchasing an additional 2,400 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Sportradar Group by 65.3% in the 2nd quarter. Renaissance Technologies LLC now owns 343,700 shares of the company's stock valued at $3,843,000 after acquiring an additional 135,800 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Sportradar Group during the 2nd quarter worth approximately $189,000. Divisadero Street Capital Management LP purchased a new position in shares of Sportradar Group during the 2nd quarter worth approximately $8,392,000. Finally, Marshall Wace LLP increased its holdings in Sportradar Group by 152.8% in the 2nd quarter. Marshall Wace LLP now owns 391,806 shares of the company's stock valued at $4,380,000 after purchasing an additional 236,831 shares during the last quarter.

Sportradar Group Company Profile

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.