Sportradar Group (NASDAQ:SRAD) Reaches New 12-Month High - Still a Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $23.67 and last traded at $23.15, with a volume of 77449 shares changing hands. The stock had previously closed at $22.57.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Wednesday, April 2nd. Benchmark boosted their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday. Jefferies Financial Group increased their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Guggenheim reissued a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.91.

Sportradar Group Price 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 cap of $26.66 billion, a price-to-earnings ratio of 119.81, a P/E/G ratio of 1.53 and a beta of 2.10. The company has a 50 day moving average of $21.66 and a 200 day moving average of $18.36.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data 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). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. Equities research analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

Several hedge funds have recently bought and sold shares of the company. Greenhouse Funds LLLP grew its holdings in shares of Sportradar Group by 2.0% during the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock valued at $170,868,000 after purchasing an additional 193,962 shares during the last quarter. Unisphere Establishment acquired a new stake in shares of Sportradar Group in the fourth quarter valued at about $51,596,000. Granahan Investment Management LLC raised its stake in Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after buying an additional 930,310 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock worth $24,370,000 after buying an additional 454,826 shares in the last quarter. Finally, Sellaronda Global Management LP acquired a new stake in shares of Sportradar Group in the 4th quarter valued at about $14,739,000.

Sportradar Group Company Profile

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.