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

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $25.85 and last traded at $25.04, with a volume of 2644201 shares traded. The stock had previously closed at $23.01.

Wall Street Analysts Forecast Growth

SRAD has been the topic of a number of recent research reports. JMP Securities restated a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Citigroup upped their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Guggenheim reissued a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research note on Thursday, April 3rd. Jefferies Financial Group lifted their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, Benchmark upped their target price on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sportradar Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Trading Up 8.8 %

The company has a market capitalization of $27.86 billion, a P/E ratio of 125.21, a PEG ratio of 1.53 and a beta of 2.10. The business has a fifty day moving average of $21.80 and a 200-day moving average of $18.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.04). The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. Analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

Several institutional investors have recently modified their holdings of the business. National Bank of Canada FI increased its holdings in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group in the fourth quarter worth $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group in the 4th quarter valued at about $39,000. Loomis Sayles & Co. L P purchased a new stake in Sportradar Group in the fourth quarter valued at approximately $43,000. Finally, R Squared Ltd purchased a new stake in shares of Sportradar Group during the 4th quarter valued at $44,000.

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.

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