Sportradar Group (NASDAQ:SRAD) Hits New 12-Month High - Here's What Happened

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $21.24 and last traded at $21.20, with a volume of 791584 shares. The stock had previously closed at $20.14.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Citigroup lifted their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Finally, Morgan Stanley lifted their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.

Sportradar Group Price Performance

The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 104.91, a P/E/G ratio of 1.45 and a beta of 2.18. The company's 50-day simple moving average is $18.31 and its 200-day simple moving average is $14.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Institutional Trading of Sportradar Group

Several institutional investors have recently added to or reduced their stakes in SRAD. New York State Common Retirement Fund bought a new position in Sportradar Group during the 4th quarter worth $12,887,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Sportradar Group in the fourth quarter valued at about $406,000. Shaker Investments LLC OH increased its position in Sportradar Group by 102.1% during the fourth quarter. Shaker Investments LLC OH now owns 43,673 shares of the company's stock worth $757,000 after acquiring an additional 22,059 shares during the period. Cambiar Investors LLC acquired a new stake in Sportradar Group in the 4th quarter worth about $10,837,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Sportradar Group in the 4th quarter valued at about $415,000.

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.