Sportradar Group (NASDAQ:SRAD) Sets New 12-Month High - Time to Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $21.56 and last traded at $21.51, with a volume of 251268 shares traded. The stock had previously closed at $21.29.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SRAD shares. Benchmark increased their price target on Sportradar Group from $14.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 8th. Morgan Stanley increased their target price on Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of Sportradar Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $16.00 price objective on shares of Sportradar Group in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.25.

Sportradar Group Stock Performance

The business has a 50 day moving average price of $18.71 and a two-hundred day moving average price of $14.86. The stock has a market cap of $24.09 billion, a P/E ratio of 108.36, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Sportradar Group

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after purchasing an additional 28,878 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Sportradar Group in the third quarter worth about $479,000. GSA Capital Partners LLP boosted its stake in Sportradar Group by 142.7% during the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company's stock valued at $837,000 after buying an additional 40,621 shares during the last quarter. Moody National Bank Trust Division grew its holdings in Sportradar Group by 80.6% during the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after buying an additional 61,105 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Sportradar Group during the 3rd quarter valued at approximately $2,617,000.

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.