Sportradar Group AG (NASDAQ:SRAD - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $17.26 and last traded at $17.25, with a volume of 95313 shares trading hands. The stock had previously closed at $16.89.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on SRAD shares. JPMorgan Chase & Co. raised Sportradar Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Canaccord Genuity Group reissued a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. Needham & Company LLC reissued a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. JMP Securities raised Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price target on the stock in a research report on Wednesday, September 4th. Finally, Morgan Stanley boosted their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.63.
View Our Latest Report on SRAD
Sportradar Group Stock Performance
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 capitalization of $19.08 billion, a price-to-earnings ratio of 85.85, a price-to-earnings-growth ratio of 3.26 and a beta of 2.05. The company has a 50-day moving average of $12.60 and a 200-day moving average of $11.42.
Institutional Investors Weigh In On Sportradar Group
Several institutional investors and hedge funds have recently made changes to their positions in SRAD. Acadian Asset Management LLC acquired a new stake in shares of Sportradar Group during the 1st quarter valued at approximately $263,000. Quadrature Capital Ltd bought a new position in Sportradar Group during the 1st quarter worth $515,000. Lazard Asset Management LLC bought a new position in Sportradar Group during the 1st quarter worth $60,000. Aristides Capital LLC bought a new position in Sportradar Group during the 1st quarter worth $281,000. Finally, Silvercrest Asset Management Group LLC grew its stake in Sportradar Group by 23.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company's stock worth $295,000 after buying an additional 4,789 shares during the last quarter.
Sportradar Group Company Profile
(
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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.
Further Reading
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