Sportradar Group (NASDAQ:SRAD) Sets New 52-Week High on Analyst Upgrade

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) hit a new 52-week high on Thursday after Citigroup raised their price target on the stock from $25.00 to $27.00. Citigroup currently has a buy rating on the stock. Sportradar Group traded as high as $22.98 and last traded at $22.06, with a volume of 10229 shares. The stock had previously closed at $22.80.

Several other brokerages have also recently issued reports on SRAD. Benchmark boosted their price target on Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday. Jefferies Financial Group upped their target price on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday. JMP Securities restated a "market outperform" rating and issued a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Guggenheim began coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Sportradar Group from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and a consensus price target of $24.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in Sportradar Group in the 3rd quarter valued at approximately $406,000. Quantbot Technologies LP acquired a new position in shares of Sportradar Group during the third quarter worth $139,000. Millrace Asset Group Inc. bought a new position in shares of Sportradar Group in the 3rd quarter valued at $1,278,000. Walleye Capital LLC acquired a new stake in shares of Sportradar Group during the 3rd quarter valued at $651,000. Finally, Walleye Trading LLC bought a new stake in Sportradar Group during the 3rd quarter worth $157,000.

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Sportradar Group Price Performance

The business has a 50-day moving average of $21.10 and a two-hundred day moving average of $17.07. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $25.55 billion, a P/E ratio of 114.96, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.04). The firm 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%. On average, sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

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.