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

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $21.00 and last traded at $20.45, with a volume of 2156 shares trading hands. The stock had previously closed at $20.42.

Wall Street Analyst Weigh In

SRAD has been the topic of a number of recent analyst reports. JMP Securities boosted their price objective on shares of Sportradar Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a report on Monday, January 6th. Citigroup increased their price target on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Needham & Company LLC reiterated a "buy" rating and set a $16.00 target price on shares of Sportradar Group in a research note on Thursday, November 7th. Finally, Morgan Stanley lifted their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Sportradar Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.

Sportradar Group Trading Down 0.6 %

The firm has a market cap of $23.06 billion, a P/E ratio of 103.76, a P/E/G ratio of 1.42 and a beta of 2.18. The firm has a fifty day moving average of $17.96 and a 200-day moving average of $14.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of SRAD. Aurora Investment Counsel lifted its stake in shares of Sportradar Group by 0.4% in the 3rd quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock worth $2,186,000 after acquiring an additional 706 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after purchasing an additional 1,272 shares during the period. Quarry LP lifted its position in Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company's stock worth $30,000 after purchasing an additional 1,754 shares during the period. nVerses Capital LLC boosted its stake in Sportradar Group by 45.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company's stock valued at $78,000 after purchasing an additional 2,000 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Sportradar Group during the 4th quarter valued at $44,000.

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.