Sportradar Group (NASDAQ:SRAD) Hits New 1-Year High - Time to Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $19.75 and last traded at $19.66, with a volume of 166069 shares. The stock had previously closed at $18.71.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SRAD. Morgan Stanley boosted their price objective on Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Citigroup increased their price objective on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Sportradar Group from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, JMP Securities boosted their price target on Sportradar Group from $17.00 to $19.00 and gave the stock a "market outperform" rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus price target of $16.38.

Sportradar Group Price Performance

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 cap of $21.75 billion, a price-to-earnings ratio of 97.85, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. The stock's 50 day moving average price is $17.13 and its two-hundred day moving average price is $13.60.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors have recently modified their holdings of SRAD. Portolan Capital Management LLC acquired a new stake in shares of Sportradar Group in the third quarter worth approximately $12,061,000. Millennium Management LLC grew its holdings in shares of Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company's stock worth $18,292,000 after buying an additional 935,909 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Sportradar Group in the second quarter valued at about $8,392,000. Janus Henderson Group PLC lifted its stake in shares of Sportradar Group by 14.9% in the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock worth $43,384,000 after buying an additional 463,441 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new stake in Sportradar Group during the 3rd quarter valued at about $4,131,000.

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.